Wealthfront Cash Account 3.9% APY – Pros and Cons

Summary: Wealthfront Cash Account APY 4.55% – highest return I’ve found for liquid account as of Jan 2, 2023. [rate has risen from 3.9 to 4.55 since the Jan date) If you know you want to join, get $30 bucks and give $30 bucks using my link!


Otherwise, read on!

Hi Folks!

Happy New Year! I hope this message finds you well. I wanted to quickly share a new account I found that will help fight against some of the inflationary forces in this economy.

I looked into it a bit before signing up and here’s what I know.

Wealthfront’s Cash Account is well rated with sites like NerdWallet and Forbes.

The cash account has the highest APY I found at the time of writing this post for non-investment accounts.

The funds are liquid and you can use it like a checking account with a debit card, and have your paychecks directly deposited into the account all while earning over 10X what you would at a bank.

The cons:

No cash deposits

No physical locations

All customer service is online

Takes a few days to transfer from account to account from what I’ve read

The pros:

4.55% APY (highest on any interest baring savings account)

Funds are liquid (unlike a certificate of deposit or other vehicle)

FDIC insured up to $2 million dollars

Direct deposit – something about being able to access your funds early from DD. I haven’t tried this so I don’t quite know.

That’s all I have for now! I will return with an update after I gain some experience with them.

New year, new cash account

Remember, if you use my link, you’ll get an extra $30 bucks and so will I. Id say that’s a win, win, win! 🙂

Happy savings!

*     *     *    *

One of the greatest drivers of change for me has been working on changing my deep-seeded beliefs. The beliefs we develop when we are young that inform our perspectives on the world and our relationship to it. If you think about it, everything is tied to those beliefs. Including and importantly, money, finances, love, friendship, the whole thing.

One absolute game changer for me was the here is my fist reflection two years after I first did it and how things changed. I am an affiliate now, but I was not at the time of that writing. I just wanted to and want to share this simple process with anyone who is looking to make a change.

Take 15-20 minutes and eliminate one of the three most common negative limiting beliefs here. Your net investment is 20 minutes of your time, and what you can gain is greater access to your fuller potential.


Prev post: Getting through the Pandemic

Related posts

Leave a Reply