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What is the annual interest rate for the cash account?

As of 4/23/2019, clients earn 2.29% annual interest (APY) for cash accounts. You can also check your current rate on the account page for your cash account.

Interest accrues daily and is credited to your account monthly, typically within the first week of the following month. Interest compounds monthly.

The interest rate is variable and may change at any time, generally correlated with movements in market interest rates. As market rates move, we will work to ensure that our rates remain as competitive as possible in any environment.

 

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The APY may change at any time, before or after the Cash Account is opened.

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. 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 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 www.FDIC.gov. 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, an SEC registered investment adviser, and brokerage related products, including the Cash Account, are provided by Wealthfront Brokerage LLC, a member of FINRA/SIPC. Wealthfront Software LLC (“Wealthfront”) offers a free software-based financial advice engine that delivers automated financial planning tools to help users achieve better outcomes. Neither Wealthfront Brokerage nor its affiliates is a bank.

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