Articles under “Wealthfront news”

Stay updated on Wealthfront company news, including new product releases, key executive hires, and major milestones.

The Wealthfront Cash Account Now Has A 2.29% APY

Our cash account has gotten over $1 billion in deposits in less than a month, earning clients over $2.5 million in interest. And now a great thing is even better: We’re raising the annual percentage yield (APY) on our cash account from 2.24% to 2.29%

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Our Portfolio Line of Credit Is Fast, Easy — And Now Available To More Wealthfront Clients

Today, our Portfolio Line of Credit, which gives clients fast access to cash for up to 30% of the value of their taxable investment account, is available to all Wealthfront clients with a taxable account of $25,000 or more. It’s an effortless option when you need some quick cash to cover a tax or credit card bill or to kick off a large purchase, like a new car or home renovation.

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How The High Interest Rate On Wealthfront Cash Accounts Does What Banks Refuse To Do

Since we launched our cash account, we’ve been asked one question far more often than any other: how are we able to get you 2.24% APY interest on your money, especially considering that traditional banks only pay 0.10% APY on average? The answer is simple: Those banks are able to pay more, too — they just don’t.

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Start Earning 2.24% APY on Your Cash Today

Today we are excited to announce that the Wealthfront FDIC Insured Cash Account is available for everyone! Earn 2.24% APY with no fees, unlimited transfers, and FDIC insurance covering up to $1 million.

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