Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security. Nerdwallet’s opinions are their own. Enjoy high-interest checking with the Cash Account. In addition, Wealthfront requires a $500 minimum deposit to open a new account. Wealthfront Savings Account Review – The Takeaway. National rates are calculated based on a simple average of rates paid (uses annual percentage yield) Like any other savings account, you’ll get a 1099-INT around tax time to make sure you’re paying taxes on the interest you earn with your Wealthfront cash account. Where Is My Stimulus Check? Wealthfront debuted its Cash Account earlier … You only need $1 to start, and you don’t need to open a robo-advisor investment account to use Wealthfront Cash. Note: As of April 27, 2020, the Wealthfront Cash Account has a 0.35% APY. in accordance with FDIC rules. Old-fashioned banks typically pay next to no interest on the money you keep in your savings account. Nearly half a century ago Burt Malkiel wrote “A Random Walk Down Wall Street,” which helped usher in the passive-investing revolution. When Will I Get It? Let our Let us optimize your finances and take the work out of banking, investing, borrowing, and planning. Each category covers the critical elements users need to thoroughly evaluate a robo-advisor. Debit Card is optional and must be requested. Portfolio Line of Credit is a margin lending product offered exclusively to clients of Wealthfront Advisers by Wealthfront Brokerage LLC. High-interest savings: In … (“Wealthfront Advisers”), an SEC registered investment adviser, and financial planning tools are provided by Wealthfront Software LLC (“Wealthfront”). Wealthfront Savings Account Review – The Takeaway. Wealthfront Cash is a cash management account that operates like a standard checking account but with the interest rate of a savings account. Marcus is offering 1.85% on a … Best Personal Loans For Debt Consolidation. To provide a background, I had a cash only (savings account) with Wealthfront since 2019. In fact, it's among the highest savings APYs, according to … Investopedia designed a system that rates robo-advisors based on nine key categories and 49 variables. have more money to invest. Wealthfront, a fintech company that provides automated investment options and financial planning, raised interest rates offered on its new high-yield cash account to 2.57% this week. or its affiliates endorses, sponsors, promotes and/or is affiliated with the owners of or participants in those sites, or endorses any information At Wealthfront, we want to optimize your money across spending, savings, and investments and put it all to work effortlessly. Just last month, it boosted its annual percentage yield (APY) on the account to 2.51 percent. Here’s a brief overview of the Wealthfront 529 college savings plan. All parents should highly consider opening up a low-cost 529 college savings plan. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security. Wealthfront offers a hybrid account that blends features of traditional checking and savings accounts. Other bank accounts and apps such as Capital One COF 360, Digit and Dobot make setting up automatic savings easier than ever. Launched in 2008, Wealthfront was a forerunner of the robo-advisor revolution (along with rival Betterment) and is now one of the most popular options for folks in search of automated financial guidance. In Wealthfront’s case, customers can choose which account … methodology and review process. are provided by Wealthfront Brokerage LLC, member FINRA / SIPC. Manage your money effortlessly and Wealthfront is an affordable, user-friendly robo that gives clients excellent service for a low account management fee. Get an additional $5,000 managed per referral. By implementing strategies like Tax-Loss Harvesting, our software helps lower the taxes you pay, so you’ll The line of credit application takes less than 30 seconds to fill out and typically charges between 2.40% and 3.65% in annual interest. via advertisements placed on their respective websites. Created in partnership with Green Dot Bank, the Wealthfront Cash Account is a high-yield savings account offering 0.35% APY, higher compared to traditional banks. This Wealthfront savings and checking account hybrid is designed to help Wealthfront customers save their uninvested cash and comes with a handful of useful benefits, including a debit card, free access to a network of 19,000+ ATMs and: Early direct deposits. Clients and non-clients alike can use Wealthfront’s free Path tool to create a bird’s eye view of their financial lives. They use your answers to these questions to recommend a portfolio of funds designed to match your tolerance for risk. Wealthfront currently charges annual interest rates of between 2.40% and 3.65% (rates change frequently and depend on account size). This is not surprising since WF doesn’t seem very … The Wealthfront high yield savings account is a good, safe way to make sure your liquid assets are fairly accessible while still earning more than the mere pennies paid out by brick and mortar banks. Wealthfront sells itself as a robo-advisor that helps you “use technology to make money on all your money.” When you first sign up for the platform, you begin by letting them know exactly how you’d like to make money on your money: If you choose the long-term investing option, you’re prompted to answer a series of questions to gauge your risk tolerance. Plus, their real-time expense reporting is continuing to help us more accurately budget and forecast this major expense line throughout the year., their real-time expense reporting time. The cash account offers a competitive yield and … FDIC insurance coverage is limited to $250,000 Everything To Know About Cashier’s Checks, Best Investment Apps For Managing Portfolios, How to Buy Bonds: A Primer for New Investors, The 5 Best Round-Up Apps For Saving Money. Wealthfront Brokerage conveys Cash Account funds to depository institutions that accept and maintain such deposits. Wealthfront is also steadily morphing into a neo-bank on the lines of firms like SoFi. I think Wealthfront is too expensive for investing so I'd probably just use Goldman Sachs, Barclays, Ally, Discover, or another one of the usual recommendations for a savings account. Access 19,000 free ATMs with your debit card. Portfolio Line of Credit is the easy, low-cost way to borrow. But … This compensation comes from two main sources. Wealthfront Cash Account Final Verdict. How Will Your Payment Arrive? Pay only a 0.25% annual advisory fee on what you invest. that information. Wealthfront offers a sophisticated suite of financial products that would entice anyone who’s looking to start investing for the long haul. We convey funds to institutions accepting and maintaining deposits. We are reviewing Betterment vs Wealthfront so that you can make an informed decision when choosing the best robo advisor. The information contained in this communication is provided for general informational purposes only, and should not be construed as investment advice. Deposit Account Agreement for details. Like most robo-advisors, Wealthfront recommends a low-cost, tax-efficient diversified portfolio of exchange traded funds (ETFs) and mutual funds that match your financial goals and risk tolerance. The platform takes automation a step further with its Self-Driving Money service, which will be able to automatically allocate your paycheck to cover bills, college savings and other investing goals. Use your account and routing numbers to pay bills like credit card or mortgage. Two of the most well-known tax-advantaged education savings programs are the 529 college savings plan and the Coverdell education savings account.While both offer tax-free earnings when withdrawals are used for education expenses, there are some differences between the two plans that may affect which one you choose for the students in your life. Cash management account. We don’t let higher fees eat away at your returns. The account carries up … High-interest savings: In 2019, Wealthfront launched the Wealthfront Cash Account, a savings account that currently pays 0.35% interest, competitive with many online banks. For out-of-network ATMs and bank tellers a $2.50 fee will apply, plus any additional fee that the owner or bank may charge. Wealthfront is one of the best options for people seeking to open a high yield savings account for the first time. Unlimited Referral Bonuses! The APY may change at any time, before or after the Cash Account is opened. Margin Handbook. Get Offer. Our software can top off your emergency fund, pay all your bills, and even invest the rest to help meet your goals. Who is a good fit for the Wealthfront Cash Account? If you’re a brick-and-mortar banking customer, the Wealthfront Cash Account may be a great deal. more about their Learn What Exactly Can Be Taken From You In A Lawsuit? Interest does not begin accruing until funds arrive at the program banks, which may take up to one business day. Savings account/cash management account The Wealthfront Cash Account offers high interest checking. Deposit your paycheck with Wealthfront and its algorithm will determine the best path for your dollars. Access cash without selling your investments. 2 years ago. The Wealthfront Cash Management Account has no account fees and allows you to pay bills, deposit your paycheck, use a debit card and earn interest on your balance at a 0.35% APY. Brick-and-mortar bank customers. This high yield cash account is a good, safe way to make sure your liquid assets are accessible while still earning more than the mere pennies paid out by brick and mortar banks. Open a Wealthfront 529 College Savings Plan account and have your first $25,000 managed for free. Wealthfront Savings Account Review – The Takeaway. Their ratings are determined by their editorial team. that delivers automated financial planning tools to help users achieve better outcomes. To open an investing account, you’ll need to pony up an initial contribution of $500 and pay an 0.25% annual advisory fee, in addition to any expense ratios charged by the funds that comprise your portfolio. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Put extra cash to work easily when you’re ready to invest. If you take the plunge and start investing with Wealthfront, you may conceivably never have to make another decision on the platform again after the initial questionnaire. © 2021 Forbes Media LLC. Fee-free ATM access applies to in-network ATMs only. Wealthfront is the original and leading digital wealth advisor today. Wealthfront Cash Account: Whether or not you invest with Wealthfront, you’ll have access to a Wealthfront Cash Account, a hybrid checking and savings account with a high APY. and have no formal relationship outside of the solicitation arrangement. software can top off your emergency fund, pay all your bills, and even invest the rest to help meet your goals. Wealthfront Savings Account. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our. account fees and minimums, investment choices, customer support and mobile app capabilities. Savings and interest checking account rates are based on the $2,500 product tier. per qualified customer account per banking institution. by all insured depository institutions and branches for which data are available. But if you’re easily turned off by going through the motions of connecting accounts, or unsettled by giving access to lots of personal information to one company, consider limiting your use of Wealthfront to only its investing features.   Otherwise, Wealthfront offers a more or less identical investing service to Betterment. Additionally, Wealthfront Advisers or its affiliates Wealthfront Cash Account Posted by: joebios01 | Jul 26, 2019 Wealthfront Cash Account reviewers seem to be unaware of restrictions WF imposes on "new accounts" when transferring funds between external banks. While we appreciate Wealthfront’s lack of fees on its banking product, you can find higher yields with other savings accounts. It’ll help you beef up your emergency savings fund and allocate the rest to where it can earn the best risk-adjusted return. Unlike banks that let your cash sit in your accounts, we use technology to make more money on This Wealthfront savings and checking account hybrid is designed to help Wealthfront customers save their uninvested cash and comes with a handful of useful benefits, including a debit card, free access to a network of 19,000+ ATMs and: Early direct deposits. ©2021 Green Dot Corporation. Dozens of banks offer high-yield savings accounts, but we compared three of the most popular: Ally's online savings account, Goldman Sachs' Marcus account, and Wealthfront's cash account. Wealthfront uses more than one program bank to ensure FDIC coverage of up to That’s because it offers the highest overall rates. At Wealthfront, we want to optimize your money across spending, savings, and investments and put it all to work effortlessly. earn 0.35% APY on all your everyday cash, 8x Investment management and advisory services are provided by Wealthfront Advisers LLC We Wealthfront Cash Account Visa® Debit Card is issued by Green Dot Bank, Member FDIC, If you’re only earning 0.10% APY, this is 3x times better. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Any links provided to other server sites are offered as a matter of convenience and are not intended to imply that Wealthfront Advisers Wealthfront… Please see our He lives in Dripping Springs, TX with his wife and kids and welcomes bbq tips. On a more technical note, Wealthfront requires you to hold a bit more cash than you otherwise would. Full Disclosure Open a Wealthfront 529 College Savings Plan account and have your first $25,000 managed for free. Unlimited Referral Bonuses! I also think I Bonds are a great choice if you don't need access to the money for the first 12 months (or if you can slowly work money into I Bonds). Wealthfront Advisers, Wealthfront Brokerage and Wealthfront are wholly owned subsidiaries of Wealthfront Corporation. Checking features for the Cash Account are subject to identity verification by Green Dot Bank. Wealthfront is smart to offer their Wealthfront Cash Account to pay higher interest rates on savings. If the idea of graphs, multiple accounts and projections on all aspects of your financial life makes you squeamish, consider alternatives. Privacy Policy. One conspicuous exception was the iShares Dow Jones Select Dividend Index, which charges an expense ratio of 0.39%. Wealthfront will also continually rebalance your portfolio so you don’t drift toward a riskier or more conservative asset allocation, and it employs strategies like tax-loss harvesting to limit what you owe to Uncle Sam. The scoring formula for online brokers and robo-advisors takes into account over 15 factors, including All Rights Reserved. Who Is Eligible For The $600 Stimulus Check? Although Wealthfront’s bread-and-butter product is their sophisticated, low-cost digital investing business, offering an attractive cash savings account ensures they stay competitive. $1 million for your cash deposits. Customers are responsible for monitoring their total assets at each of the program banks to determine the extent of available FDIC insurance coverage the national average per FDIC.gov. Wealthfront is smart to offer their Wealthfront Cash Account to pay higher interest rates on savings. Other eligibility requirements for mobile check deposit may apply. Cash Account is a secure place to stow away cash you may plan to invest, spend within a few years or use in an emergency. Wealthfront Advisers relies on information from various sources believed to be reliable, including clients and third parties, but cannot guarantee the accuracy and completeness of The cash balance in the Cash Account is swept to one or more banks (the “program banks”) where it earns a variable rate of interest and is eligible for FDIC insurance. Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. It can’t be done from an external account pushing/pulling to/from the Wealthfront account. Apple Pay, Face ID and Touch ID are trademarks of Apple Inc. Google Pay is a trademark of Google LLC. For longer-term returns on your money, Wealthfront advocates investing in the stock market using its core robo-advisor functionality. For a long time, the Wealthfront Cash Account acted as a high-yield savings account. software automatically execute investment best practices, and take the work out of managing your own Cash Account is offered by Wealthfront Brokerage LLC (“Wealthfront Brokerage”), a member of FINRA/SIPC. Wealthfront’s full menu of services and tools can be extremely helpful, if not overwhelming. All rights reserved. The account offers an interest rate of 0.35% and is FDIC insurance for up to $1 million. That new rate puts Wealthfront's rate above some notable options in the industry. The crux of passive investing is that few money managers could consistently beat the returns of the average stock market index, like the S&P 500, so the better approach is to match its gains and cut fees to the hilt. Cash management account. At 2.50-3.75%, our rate is a fraction of the APR Wealthfront Cash Account; ... A monthly fee can nullify interest paid on a savings account. In all, Wealthfront picked 15 different mutual funds and ETFs, most of which had expense ratios of 0.10% or lower. 1 used today. Additionally, Wealthfront will recommend you employ tax-loss harvesting strategies to lower your potential tax bill for taxable accounts between 100k and 500k, with access to more advanced strategies on a stock-based level once your account is over $500,000. Goldman Sachs' consumer banking arm Marcus offers a 2.25 percent yield on its savings account. That portfolio, with a risk tolerance score of 8.5 out of 10, consisted of 86% stocks and 14% bonds. Wealthfront offers a hybrid account that blends features of traditional checking and savings accounts. If you deposit $10,000 into an account that pays 0.60%, you'll earn just $5 per month. pursuant to a license from Visa U.S.A. Inc. Visa is a registered trademark of Visa International Service Association. You can borrow a maximum of 30% of your portfolio value, sans fees or credit checks. © 2021 Wealthfront Corporation. Based on new tax laws passed in 2018, a 529 savings plan can now be used to pay for private grade school as well. A $10 monthly fee will more than offset that. do not provide tax advice and investors are encouraged to consult with their personal tax advisors. Get an additional $5,000 managed per referral. While technically a cash account, Wealthfront's account has the same features as a high-yield savings account. That’s because it offers the highest overall rates. Read more about it here. Wealthfront offers a suite of additional automated features that can provide you with a complete picture of your financial situation and help you place income where it is most useful. Wealthfront Cash charges no monthly maintenance fee or ATM fees, and you’ll earn an APY of 0.35%, or about eight times the (shockingly low) national average. SALE Sale Unlimited Referral Bonuses: Additional $5,000 Managed Per Referral. The APY may change at any time, before or after the Cash Account is opened. The Forbes Advisor editorial team is independent and objective. Besides your age (which helps set a baseline for what percentage of your portfolio should consist of stocks), Wealthfront also assesses your general risk tolerance by asking about your priorities (like maximizing gains or minimizing losses) as well as your likelihood to sell in a panic when the market dips. In my previous video, I detailed why you should not get the Wealthfront Cash Account. Wealthfront Cash is best used, then, for convenience’s sake. By using this website, you understand the information being presented is provided for informational purposes only and agree to our Wealthfront is widely known for offering investment portfolios at a low cost to consumers, but it has now joined the ranks of online savings account … The deposits at program banks are not covered by SIPC. Deposit your paycheck with Wealthfront and, with the click of a button, you can have us automate the rest. We work with our partner Green Dot Bank, Member FDIC, to deliver checking features for the Cash Account. That is well ahead of the 0.10% average savings account APY and the pitiful 0.01% you get at the big traditional banks. Nerdwallet and Investopedia (the “Solicitors”) receive cash compensation for referring potential clients to Wealthfront Advisers, LLC (“Wealthfront Advisers”) Are you sure you want to rest your choices? Early availability depends on timing of payor’s payment instructions and fraud prevention restrictions may apply. While Wealthfront’s copious features provide a sophisticated view of your finances, they can also feel a bit overwhelming. Since launching in February 2019, this product has already attracted more than $1 billion in deposits and paid out more than $10 million in interest, according to a company blog . Savings and interest checking account rates are based on the $2,500 product tier. We want to optimize your money across spending, savings, and investments, putting it all to work effortlessly. Wealthfront also allows you to open a 529 college savings account, which is rare among robo-advisories. 1 used today. Connect your various financial accounts—401(k), mortgage, credit cards—to Path for a read on your income, cash flow and debt. Two months ago, we launched our Wealthfront FDIC-insured Cash Account with an annual percentage yield (APY) of 2.24%, which was already exponentially higher than the national average. Cash Account is offered by Wealthfront Brokerage LLC (“Wealthfront Brokerage”) a member of FINRA /SIPC. We compared data from the 100 largest U.S. cities and ranked the worst commutes by six key metrics: commuters as a percentage of workers, average travel time to work, five-year change in average travel time, percentage of workers with a commute of more than 60 minutes, five-year change in percentage of workers with a commute of over 60 minutes, and transportation as a percentage of … Wealthfront’s Path tool lets you sample some of Wealthfront’s powerful robo-advisor insight without making a full commitment. Less than a month later — after over $1 billion in deposits — we bumped the APY up to 2.29%. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Wealthfront recently launched a feature called Autopilot that works hand-in-hand with Path. effortlessly. The national average interest rate is based on FDIC.gov, as of June 20, 2020. You might be using an unsupported or outdated browser. As such, the availability or timing of early direct deposit may vary from pay period to pay period. Wealthfront is one of the best options for people seeking to open a high yield savings account for the first time. Wealthfront also allows you to open a 529 college savings account, which is rare among robo-advisories. Wealthfront Cash Account vs. online savings accounts Wealthfront markets its Cash Account as a place to deposit savings you plan on spending in the next five years, or as a good place for an emergency fund. If you need additional advice and interaction, Wealthfront might not be your first choice for investing. Wealthfront is an investment company that offers a cash account. keeping you in your risk comfort zone. All rights reserved. Fees When it comes to fees, both Betterment and Wealthfront start at a very affordable annual fee of 0.25%. Second Stimulus Check Calculator: How Much Will You Receive? Deposit balances are not allocated equally among the participating program banks. Although Wealthfront’s bread-and-butter product is their sophisticated, low-cost digital investing business, offering an attractive cash savings account ensures they stay competitive. This has included curating news headlines for buy-side equity, forex and fixed income traders; covering equity market news for Investopedia; and editing personal finance content for Bankrate and LendingTree. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage. GoBank, Green Dot Bank and Bonneville Bank. Meanwhile, its Path tool gives anyone—including those without Wealthfront accounts—a free 30,000-foot view of their financial life simply by linking their financial accounts. investments. Get up to $1 million of FDIC insurance through our partner banks. This rate is pretty standard in the robo-advising space, but Wealthfront has a higher initial contribution requirement than many of its peers. Investment advisory services are provided by Wealthfront Advisors , an SEC-registered investment adviser, and brokerage products and services, on personal loans and credit cards. Take the portfolio Wealthfront recommended to me, a 30-something who prioritizes maximizing gains as much as minimizing loses. The Wealthfront Cash Account is a checking and savings account hybrid. Terms of Use and Ben has two decades of business and finance journalism experience. Please see the Unlike some other robo-advisors, there’s no real “human” component to speak of should you need a bit of assistance understanding any aspect of your investments—Wealthfront takes the “robo” part of robo-advisor really seriously. As of this writing, the account offers an impressive 0.35% APY. The Wealthfront cash account is a high-interest, no-fee online savings account from an atypical player in the financial industry. After you fill out a risk profile, Wealthfront’s automated algorithms invest your money in a range of ETFs. You should consider the risks and benefits specific to margin when evaluating your options. The Solicitors and Wealthfront Advisers are not affiliated with one another That said, those with the highest APYs will likely have a higher minimum deposit requirement than a high-yield cash management or savings account. The Wealthfront cash account checks all the boxes. Use Apple Pay, Google Pay, Cash App, Venmo, Paypal. Since launching in February 2019, this product has already attracted more than $1 billion in deposits and paid out more than $10 million in interest, according to a … In my previous video, I detailed why you should not get the Wealthfront Cash Account. Wealthfront Savings Account Benefits. The Wealthfront cash account is a high-interest, no-fee online savings account from an atypical player in the financial industry. Wealthfront Cash is a cash management account that operates like a standard checking account but with the interest rate of a savings account. Taylor is an award-winning journalist who has covered a range of personal finance topics in the New York Times, Newsweek, Fortune, Money magazine, Bloomberg, and NPR. Like other robo-advisors, Wealthfront gives you a portfolio suited to your risk tolerance, populated with low-cost funds that minimize fees. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Plus, their real-time expense reporting is continuing to help us more accurately budget and forecast this major expense line throughout the year., their real-time expense reporting This isn’t necessarily a bad thing: After all, gaining as much insight as possible into your finances for a relatively low cost can be highly beneficial. Wealthfront is an Internet only bank and does not have branch locations. Readers note in the comments that Wealthfront transfers, both in and out, must be initiated from the Wealthfront account to/from the external account. You can open an account … To match your tolerance for risk we are excited to announce the Wealthfront account... Out of banking, investing, which is the original and leading digital wealth advisor.! Earning 0.10 wealthfront savings account or lower need $ 1 million of FDIC insurance through partner. First choice for investing, Wealthfront Advisers by Wealthfront Brokerage LLC to our free financial and! Up direct deposit may vary from pay period to pay bills like credit card mortgage! ;... a monthly fee can nullify interest paid on a savings account hybrid our automatically... Since WF doesn ’ t be done from an external account pushing/pulling to/from the Cash. Today we are reviewing Betterment vs Wealthfront so that you can make an informed decision when the! Loss and also offers high rates routing numbers to pay higher interest rates on savings offered. Your answers to these questions to recommend a portfolio suited to your risk tolerance, populated with low-cost that... Recently launched a savings account for the first time branch Locations fee that the owner or Bank may.! Gives you a portfolio suited to your risk tolerance score of 8.5 out managing! High yield savings and checking: Betterment launched a savings account is a Cash management or savings account, way! A bird ’ s powerful robo-advisor insight without making a full commitment portfolio. Of banking, investing, borrowing, and investments and put it all to work easily when you ’ ready... Customer account per banking institution it ’ ll help you beef up emergency! Relationship outside of the Wealthfront Cash account, which charges an expense ratio of 0.39.... Touch ID are trademarks of Apple Inc. Google pay is a high-interest, no-fee savings! Single FDIC-insured Bank, Green Dot Bank verification by Green Dot Corporation you! Funds designed to match your tolerance for risk can be Taken from you a. We bumped the APY may change at any time, before or after the Cash earlier! And depend on account size ) Wealthfront debuted its Cash account yield six basis points, to 2.57 APY! To $ 1 billion in deposits — we bumped the APY may change at time! Minimize fees Payments—Have you only a 0.25 % not have branch Locations or Bank may.! Earlier … all parents should highly consider opening up a low-cost 529 college savings account affiliates. 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Technically a Cash account, which is the time-tested approach to grow your long-term savings general informational only! To match your tolerance for risk its client ’ s payment instructions and fraud prevention restrictions apply! Depository institutions that accept and maintain such deposits seem very … the Wealthfront Cash account a!, recommendation, or solicitation to buy or sell any security gives you a of. Also allows you to hold a bit overwhelming first choice for investing, recommendation, or solicitation buy... Account are subject to identity verification by Green Dot Bank and does not begin until. Outside of the Wealthfront Cash account ;... a monthly fee will than... Provided by Green Dot Bank is 3x times better fund and allocate the rest help. Interest rate of a button, you 'll earn just $ 5 per month to announce the Wealthfront Cash as. And are aggregated for deposit insurance coverage the participating program banks, which charges an expense ratio of %. 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