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What are the Wealthfront Cash Account Program Banks?

Once you open your cash account, your cash balance will be held at one or more of the Program Banks assigned to your account. Once your deposit is at a bank, your cash balance will be eligible for FDIC insurance coverage up to $1 million. Your monthly statements will reflect which bank(s) are being used to hold your funds.

Wealthfront Cash Account Program Banks

Program Banks as of 02/25/2019 are:

  • East West Bank
  • Associated Bank
  • TriState Capital Bank
  • Citibank N.A.

To learn more, please review our Cash Sweep Program Disclosure Statement.

If you have any questions about Program Banks, please contact us.

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The Cash Account Annual Percentage Yield (APY) is as of June 26, 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 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 (“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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