0.26% APY Rate with Wealthfront (FDIC Insured) *Best Hub Bank Account- Very Important Account If You Chase Bank Rate* American Express® High Yield Savings Account - You earn 0.60% interest rate along with no minimum deposits or monthly fees. Just bide your time. I have Discover which was holding out high for awhile so I felt lucky, but it has been dropping. Wealthfront doesn't try to beat the market but instead tries to produce an "optimum" portfolio for people of your age and risk tolerance. I've been doing this too since May 2020. Of the five we found on Trustpilot and the Better Business Bureau, all were in reference to Wealthfront’s investment portfolios, not its cash account. Legit but higher risk so higher reward so do your own homework. Can you explain more about what you mean with a brokerage account that is maxed out IRA contributions? Wealthfront 2.51% APY: BEST High Interest Yield Savings Account? Betterment is offering 1.37% APY … I'm not going to get a checking account that I don't need just to enter a contest. That means some parts of it will always outperform the US stock market and other parts will underperfrom it because their recommended portfolios are never 100% the US stock market. I've have significant money there for a while and it's been great - great founder, team, product and vision and its pays way better than anything else out there APR-wise. Get paid up to two days earlier. Switch away and come back later. This change comes as a result of the Federal Reserve’s decision to once again lower the target federal funds rate by 0.25% to […] In the affidavit: “I hereby irrevocably consent to Sponsor's use of My name, likeness, image and/or voice without compensation in publicity and advertising concerning Sponsor's products and services, including any further promotion relating to this Drops Program and/or the Wealthfront Cash Account.”. Is WealthFront pulling a bait and switch on customers? Wealthfront offers a high yield Cash Account with an interest rate of 2.57% APY. For both types of accounts, Wealthfront charges a flat 0.25% fee. People were jumping to them and Amex, but now they are pretty on par with everyone else. I’ve been using Ally for savings and they’ve stayed consistently competitive. I've used Wealthfront for almost 5 years now (RIRA, Cash Account, and investment account) and have been happy with the results thus far. Cash Account is offered by Wealthfront Brokerage. Wealthfront just dropped its interest rate from 1.82 to 1.78 due to decrease in effective fed funds rate. Same. Drop 2 lasts from August 17 to September 1 at 7:00 a.m. PT, and you can enter by signing up through the app and receiving a direct deposit in your individual Wealthfront Cash Account. Today, the annual percentage yield (APY) on the Wealthfront Cash Account decreased from 2.07% to 1.82%. All the other high-interest Savings banks seem to have retained their interest rates. With Drop 1, Wealthfront is reimbursing up to $100,000 total to customers who pay bills through their Wealthfront … They did it before they'll do it again. This language removes an additional contracting step. Close. On Sunday, March 15 the Federal Open Market Committee (FOMC) lowered the target range for the federal funds rate by 1.00% to 0%–0.25% because of concerns about the impact of the coronavirus COVID-19 on economic activity. Just looking for some thoughts. By using our Services or clicking I agree, you agree to our use of cookies. The rate is currently .35%, which is totally understandable of course based on current times. Have the latter set up, but I think I missed the cutoff for the former since I just set this all up. What Are the Fees for a Wealthfront Traditional or Roth IRA? This necessitated a decrease in the APY on the Wealthfront Cash Account from 2.57% to 2.32%, still a top-of-market rate that’s 23 times higher than what your bank likely pays you, according to Bankrate.com. Earn 2.32% APY on your cash, get advice on how to manage your savings, and automate your investments at a low cost. I guess if you're sitting on a pile of cash for a down payment on a house that might make sense. This is relatively low, compared to some other robo advisors — especially when you use our Wealthfront promo code for $5,000 managed for free. Actually rates are continuing to drop and get closer to wealthfront. This language removes an additional contracting step. More posts from the wealthfront community, Use this invite code when signing up to get an extra $5k managed for free: https://www.wealthfront.com/c/affiliates/invited/AFFD-FSRI-819D-KVH4, Press J to jump to the feed. 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