Available nationwide, the Wealthfront Cash account is offering 4.25% APY on your funds with zero account fees, no minimum or maximum balance, and up to $8M in FDIC insurance.
Update 11/23/24: The rate has decreased to 4.25% APY from 4.50%.
Editor’s Note: Wealthfront increased FDIC coverage for individual accounts to up to $3 million and for joint accounts up to $6 million.
About Wealthfront Cash Account
Wealthfront is a offers financial service in the palm of your hands. Their main platform is through the mobile application.
Being an online account, they can offer high quality services. They offer financial expertise like no other, and help create your path to a great financial future.
I’ll review Wealthfront Cash below.
| Balance Requirement | APY Rate |
| $1+ | 4.25% APY |
Wealthfront Cash Account Rate
To earn Wealthfront’s competitive rate, simply have an opening deposit of $1. That’s all it takes and you’ll get to enjoy earning the high rate on all balances.
- Account Type: Cash Account
- Interest Rate: 4.25% APY
- Availability: Nationwide
- Minimum Balance: $1
- Maximum Balance: $1,000,000
- Credit Inquiry: Soft pull
- Opening Deposit: $1
- Monthly Fee: None
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
Wealthfront ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | None |
| Pull | ? | ? | ? | None |
Editor’s Note: Help us with the table above in the comment section if you have experience with Wealthfront’s ACH capabilities.
How to Earn Wealthfront Rate
- Open a Cash Account from Wealthfront with minimum deposit of $1.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
- You can now earn a high interest rate APY on any account balance.
Why You Should Sign Up For This Account
- Receive high earnings without paying back in monthly fees
- Funding accounts is made easy via bank transfers, mobile deposit, wire transfer or check
- All deposits are FDIC insured to the maximum amount allowed by the law
Wealthfront Cash Account Up to $625 Bonus (Expired)
Earn 5.00% APY on your funds & up to $625 cash bonus. Direct Link to Offer
How to earn bonus:
- Open your first Cash Account.
- Once your new account is open, you’ll have 30 days to make deposits across any of your Wealthfront accounts towards a qualifying balance.
- $60 bonus: $25,000+ deposits
- $125 bonus: $50,000+ deposits
- $250 bonus: $100,000+ deposits
- $625 bonus: $250,000+ deposits
- You’ll receive your full payment amount over 3 months — as long as your balance stays with Wealthfront. Terms and conditions apply.
Fine Print (see terms):
Eligible New Clients who open a personal Cash Account from the Program landing page (i.e., after visiting the Program landing page and clicking on the “Get Started” button on that specific page) prior to the expiration of the Program are eligible to receive a cash bonus (the “Bonus”) in one of four predetermined amounts (“Bonus Tiers”). Your Bonus Tier will be calculated based on the difference of (A) the total aggregate amount of deposits you make into your Cash Account, plus any deposits you make into any other individual, personal Wealthfront Accounts (i.e., not jointly held or trust accounts) you may open after opening your Cash Account, within thirty (30) days following the day on which you open your Cash Account (the “Initial Deposit Period”), minus (B) the aggregate amount of any withdrawals you make from your Wealthfront Accounts during the Initial Deposit Period (such total, your “Qualifying Deposits”). Any changes in your balances due to market appreciation or depreciation, or interest, dividends or bonuses received, will not counted toward determining your Qualifying Deposits. Your Qualifying Deposits must equal at least $25,000 as of the end of the Initial Deposit Period in order to receive a Bonus. At the end of the Initial Deposit Period, if your Qualifying Deposits total at least $25,000 but less than $50,000, you will qualify for the $60 Bonus Tier; if your Qualifying Deposits total at least $50,000 but less than $100,000, you will qualify for the $125 Bonus Tier; if your Qualifying Deposits total at least $100,000 but less than $250,000, you will qualify for the $250 Bonus Tier; and if your Qualifying Deposits total $250,000 or more, you will qualify for the $625 Bonus Tier. You can only qualify for one Bonus Tier, and Bonuses are not cumulative (e.g., if you qualify for the $125 Bonus Tier, you will qualify for a $125 Bonus but will not also receive a $60 Bonus). Once your Bonus Tier has been determined as of the end of the Initial Deposit Period, you cannot change to a different tier. Deposits made after the Initial Deposit Period will not be counted toward your level of Qualifying Deposits for purposes of determining your Bonus Tier. Deposits must be completed or pending (i.e., scheduled and not canceled or reversed) prior to the end of the Initial Deposit Period to count toward your level of Qualifying Deposits for purposes of determining your Bonus Tier. Any deposits that are subsequently canceled or reversed will not be counted toward your Qualifying Deposits.
Bottom Line
Check out Wealthfront and open a Cash account this amazing rate! The fact that you can earn a high rate on any balance makes this Savings Account all worthwhile. Let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Bank Rates!
Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
Check back often to see the latest info on Wealthfront Cash Account.
Wealthfront Cash Account reviewers seem to be unaware of restrictions WF imposes on “new accounts” when transferring funds between external banks. This is not surprising since WF doesn’t seem very forthcoming on these restrictions.
While WF Cash prominently advertises unlimited ACH withdrawals as one of its cash account features, when actually used, Wealthfront only permits ACH-Push withdrawals to the external account which originally funded the WF account. Withdrawals to other linked external accounts are “rewritten” by WF to direct withdrawals to the external account which funded the WF Cash account.
This essentially turns the WF Cash account into a no-penalty CD account rather than a useful financial management tool.
WF was vague as to how long these “new account” restrictions would remain in-effect for but cited timeframes in terms of “months”.