Articles under “banks”

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%

Read more

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.

Read more