Articles under “wealthfront cash account”
How The Wealthfront Cash Account Compares to Other Low-Risk Savings Accounts
Consumers currently have a huge number of low-risk liquid accounts from which to choose, each belonging to financial institutions that will tell you theirs is the best. So how do you know which account is best?
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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 Fed Funds Rate Impacts the Wealthfront Cash Account
The fed funds rate influences nearly every financial institution, and a rate decrease directly impacts consumers. When the rate goes down, high yield savings account rates go down, too.
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