Updated
How do the Wealthfront referral programs work for Joint Accounts?
Cash Account Referral Program
An APY Boost applies to a maximum of $250,000 across all of your Cash Account balances and categories.
The APY increase is first applied to any Individual or Trust Cash Account balances opened under your profile. We’ll prioritize the accounts with the highest account balances first.
After that, if both the primary and secondary account owner have an active APY Boost, our system will determine which account owner’s APY Boost will provide the maximum value and apply that to the Joint Cash Account with the highest balance and then to any subsequent Joint accounts, from highest to lowest.
A Joint Cash Account can only have one account owner’s APY Boost applied at any given time.
Automated Investing Account Referral Program
Your fee waivers are first applied to any Individual, Trust, IRAs or 529 Plans opened under your profile, proportionately. After that, they are applied to Joint Investing Accounts you’ve opened under your profile, then to any Joint Investing Accounts under your profile that you are a secondary owner on.
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