Articles under “interest rate”

Ally and Marcus Lowered Interest Rates During The Same Week The Wealthfront Cash Account APY Increased: Here’s Why That Might’ve Happened

Two popular banks offering high-interest savings accounts — Goldman Sachs’s Marcus and Ally Bank — cut their interest rates by 0.1% to 2.15% and 2.1% respectively within 48 hours of Wealthfront’s cash APY going up again. So why did this happen?

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The Wealthfront Cash Account Now Has a 2.57% APY, The Highest Available Rate On The Market

Since we launched the cash account in February, our clients have earned over $10 million in interest, more than 23 times as much as their money would have earned in a traditional savings account.

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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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Should You Pay Off Debt Or Invest? Here’s The Real Answer

When you have some extra cash, how to do you decide whether to invest it or put it toward paying down debt? We fully unpacked this surprisingly complex quandary, complete with considering emergency funds, toxic debt, and weighing interest rates.

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