Is the money in my cash account FDIC insured?

Yes. However, Wealthfront is not a bank, so we work with our partner banks to provide up to $1 million of FDIC insurance per account holder. This means that joint accounts may have up to $2 Million in FDIC insurance.

Wealthfront Brokerage conveys Cash Account funds to depository institutions that accept and maintain such deposits.  FDIC insurance is not provided until the funds arrive at the Program Banks.

Learn more about our cash account sweep program here.

Note: FDIC insurance is different from SIPC Insurance, which provides limited protection for your assets in a brokerage account when certain events occur. Wealthfront investment accounts are covered through SIPC insurance.

Learn more about SIPC Insurance here.

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The Cash Account Annual Percentage Yield (APY) is as of September 20, 2019. The APY may change at any time, before or after the Cash Account is opened.

Cash Account is offered by Wealthfront Brokerage LLC (“Wealthfront Brokerage”), a member of FINRA/SIPC. Neither Wealthfront Brokerage nor its affiliates is a bank. The cash balance in the Cash Account is swept to one or more program banks where it earns a variable rate of interest and is eligible for FDIC insurance. FDIC insurance is not provided until the funds arrive at the program banks. FDIC insurance coverage is limited to $250,000 per qualified customer account per banking institution. Wealthfront Brokerage uses more than one program bank to ensure FDIC coverage of up to $1 million for your cash deposits. For more information on FDIC insurance coverage, please visit Customers are responsible for monitoring their total assets at each of the program banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits at program banks are not covered by SIPC.

Investment management and advisory services are provided by Wealthfront Advisers LLC (“Wealthfront Advisers”), an SEC registered investment adviser, and financial planning tools are provided by Wealthfront Software LLC (“Wealthfront”).

Nothing in this communication should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security.

Wealthfront Advisers and Wealthfront Brokerage are wholly owned subsidiaries of Wealthfront Corporation.

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