Wealthfront hysa reddit Will I earn interest now or does it have to be in the account fully before I start earning interest? The biggest difference between the two is in the fine print. Hysa for wealthfront Tools & Resources Reddit community for TheFinanceNewsletter. No account closure fee with Ally, just call them and day you want to close your account and that's it. Got a new job with DD and stuck with Wealthfront because it turns out they have a better app, better subreddit, better customer service, and better APY. ) Looking to open a HYSA and NerdWallet has given a pretty glowing review of EverBank's HYSA which sits just north of 5% APY, no minimum balance and no monthly fees, FDIC insured, etc. Dec 8, 2024 · Wealthfront gives you no fee same day access to your funds (with qualifying accounts, I use Chase and my checking account with them qualifies for same day deposits), so if you submit a transfer request before 9PM EST, you'll get your money that same day, which has been mega helpful. Especially with a referral code. Hi, just opened a HYSA, linked, and transfered funds. I only have a login for credit card and when I try linking Amex to WF it keeps saying no user found. I have an Iphone and no issues with 2FA. Unfortuenly, I have been locked out for 24 hrs since I tried multiple times. The only time you need to know this is if comparing to an account that doesn't list APY but just Interest Rate or 7 day yield - common on money market or cash management accounts. Please help us both earn the elevated 5. 5% for 3 months with a referral link. No fees of any kind, and relatively quick transfers. So I originally had my emergency fund with wealthfront at 1. 5% for your first 3 months. Only concern is I've never heard of EverBank before, and I'm wondering if going with a more familiar financial institution like Barclay's or SoFI, even if the Correct, if 2 of your friends sign up using your referral link, you'll get 6 months of boosted rate. Move the money after the three months. (Note how this looks eerily similar to the standard compound interest formula. I have a HYSA and an investment account with them. I know that Wealthfront is working on improving this for certain banks and credit unions but not all. 11 Curious about the merits/risks of each or if it's all about the same. Wondering if there are any other factors I need to consider when opening a HYSA other than the highest APY you can get. ? What happen if the bank WF sweep money to collapse? And is WF worth it ? Sofi sucks - I had never ending issues with them so I closed my account after less than a year. Yes, you read that right, 5. 50% on the current APY! The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. I came across a banking site called Wealthfront that's promising a HYSA with a 3. You can get a debit card so you can spend the money directly. They have one of the highest rates and they are FDIC insured for 1. (The standard term for this is a "deposit sweep". What I’ve read is that one con to Wealthfront is the $500 minimum deposit. I’m confused by what this statement means and also how Wealthfront differs from other HYSA. 29 interest earned”. Capital One has/had an offer with their HYSA. 3%. The question I had is if I earn my interest and will get taxed on it, is there ANY way that I can lose money? I currently have 150k sitting in a Wealthfront HYSA and 11k sitting in a Joint Investing Account. Win-win so far as I can tell 👍 I am trying to link my Amex HYSA to WF but I have both Amex HYSA and credit card. HYSA's are pretty cut and dry in my experience, so it's hard to judge them on anything other than interest rates without nitpicking. Also transfers in/out are quick for me. If a 3rd friend uses your link today and it's two weeks after your two initial referrals, you won't get another 3 months, you'll get two more weeks (to reach the maximum of 6 months from today). Also the HYSA is FDIC insured. Hey! I'm curious about Wealthfront and am interested in investing a small amount to see how it works/goes. 2%. It’s great, awesome rates, and super high FDIC amount. I switched from SoFi to Wealthfront because SoFi required DD to get the full APY while Wealthfront didn't and I was going to lose that for a bit. For the $300 cash bonus, you need to have a direct deposit of at least $1000 and deposit at least $5000 into the savings account within 30 days of opening the account. HYSA (Wealthfront Cash Account) I'm currently sitting on a decent amount of cash from some lump sum payments. 05% APY on their cash accounts. 25% so I went on their online chat and customer support converted my Preferred Savings (4. Thing is, I’m not using Wealthfront for anything… I’ve had a wealthfront account and hysa for several years. I've never done any investing and would like to start. Here is a quick breakdown: 8. should i open multiple? i heard of wealthfront and it seems great. I think the only downside to wealthfront is that its not a typical savings or checking account so you can't get a debit card with it. I have a HYSA with Wealthfront and they keep saying I cannot use it since it’s not BDIP capable. We have been doing DR since 2015, and we got tired of having so much money making essentially no interest Reddit is a great big community so get money off your cable bill, get a free iPad, or whatever incentive you're offered. 50% on the current APY! I saw that when you're not using a Free ATM, Wealthfront charges a $2. I have a Wealthfront account, Sofi account, and credit union account. 35% for three months and get a bonus of $1,500. I want to move more cash but I’m nervous. The bank doesn't have to be perfect, but it needs to be easy to get my money in/out when I need to. 5%) to their new HYSA. See r/TeslaLounge for relaxed posting, and user experiences! Tesla Inc. Currently have ~$5000 in my account. Love the clean setup of the app. Aside from Ally, Discover, CIT, Wealthfront ref shills, you’ll see Capital One. 5% for 3 months with referral codes. 15%), both seemed very similar I could have gone with either. This is because of the way Wealthfront treats it's customers with higher apy. In addition the tax event doesn’t happen until either the bond matures or have been cashed out. SoFi restricts the 4. Not a good idea if it's pulling from a HYSA especially if a thief gets it. Santander is a solid bank so less safety and trust concerns imo. Members Online Wealthfront HYSA 5. But tbh they are kinda similar, both are pretty much risk-free, HYSA a bit safer I've been using Marcus Online Saving Account since 2018, which is under Goldman Sachs, big company. I have been looking at HYSA and I came across Wealthfront, I like their interface and they seem to have higher APY. Since Wealthfront isn’t a bank and are in the SIPIC. Ally is an FDIC bank account, plain and simple. I’d assume the benefit of dividend investing comes from diversifying across a mix of ETFs/stocks with higher than 5% dividend returns. Agree that it is exceedingly unlikely for a mmf to lose any value and not a real reason to use a hysa instead but like I said, theoretically it is possible. Just because those are this or that persons primary and/or only HYSA. Their mission is to accelerate the world's transition to sustainable Hello. I hear lots of good things about Wealthfront. 03% APY from Chase with an equal amount of safety from a large bank like Apple/Goldman Sach. Wealthfront HYSA +0. Are there any downsides to wealthfront or a… I opened a HYSA account with Wealthfront and am very happy with it so far. 80, and then I see a place I've never heard of UFB offering 4. 50% APY boost for 3 Also, I should have said, when Wealthfront was down to 0. There is no taxation on growth. I’ve been using Wealthfront, and they’re currently offering a staggering 5. 55% interest with referral code I understand that wealthfront works with several FDIC insured partner banks to store funds, but are the funds stored under my name or wealthfront’s? In the unlikely event that a partner bank or wealthfront itself goes under, will I be able to retrieve my funds? Also, while transferring my savings to the HYSA, are the funds insured while in As I understand it, wealthfront is pretty much both a cash account with checking capabilities and HYSA savings interest rate or higher. 5% APR) Referral Code I've only had wealthfront but no complaints here. com and its 50,000+ readers to debate finance, investing, financial news Liquid HYSA (1/3 of my emergency fund) I have Discover at 4. What happen if Wealthfront seize operation like Silicon Valley Bank. 30, Wealthfront (not a bank, so different) offers 3. New to Wealthfront and I just want to use it for their HYSA. It certainly beats the . Members Online Wealthfront HYSA - Industry Leading HYSA (5. I only have the one wealthfront account. Also, small ER fund in the Chase because that can be auto-pulled from the bank, instead of waiting the 1-2 business days that Wealthfront needs to transfer. You may need to reflect on why you worry about this, because searching for anecdotal support is just a coping mechanism. Just want to point out that both SoFi and Wealthfront offer a "buckets" feature. I haven't had any issues with my money. I use AmEx HYSA and it's at 3. Dm me if you need a referral. Interest rate is also slightly higher than Marcus even without referral boosters. thanks in advance. is an energy + technology company originally from California and currently headquartered in Austin, Texas. They also let me know that other firms would be following the same reduction. My partner and I are finally looking into combining finances but I’ve seen throughout this subreddit that Wealthfront’s joint account doesn’t offer checking functionality. 35% for three months. From my research this seemed like the best yield for a reputable company, I saw some positive reviews of their (24 hour) customer support on Reddit. Current yield is 5. Do the math, but that’s a huge difference for smaller balances. I'm currently leaving the money in the Wealthfront Cash account at 4. For the comparison of HYSA vs I Bonds there are two thing to point out: HYSA interest is taxed as you earn it. I guess I'm hesitant to move because I'm comfortable with AmEx, but Wealthfront also seems reputable. Based on this… As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. I'm planning on completely moving away; for checking, I'm decided on Charles Schwab, but I can't decide on what's best for savings? I'm between Ally, Wealthfront and Vanguard, and I'm split pretty evenly between the Wealthfront's HYSA APY is currently at 5. Have a happy New Year. Easy peasy. Any specific details I should… I’m planning to open up another HYSA and considering Wealthfront and SoFi based on past research. 5% EARNINGS! After much research in which HYSA to open, I chose Wealthfront. 4-5. 30% APY just message me. Keep in mind, you can have multiple checking accounts with NavyFed. (Amount in HYSA Account) x 4. 6 % honestly considering using Wealthfront for my primary bank, I have a local credit union as a back up , so my question is, for those of you who do use Wealthfront as . So long as you stay below $5/$10 mil you are guaranteed to never lose that money. Although their checking account is even better for that. What i do is have my my income deposited into my local chase bank checking account (which i use to pay bills/make purchases), and then transfer funds over to my Wealthfront HYSA at random times when I feel I have extra building up. Super nice to just use as a savings and if you want to invest they make it super easy. Its not an HYSA since that is a type of a savings account and SWVXX is a mutual fund that invests in bonds to get the average rate. I had used Wealthfront's HYSA for years but recently started transferring my short-term cash to VUSXX (Vanguard Treasury money market fund) to save on state taxes (I'm in CA). , VTSAX). if u looking for HYSA, i would recommend Marcus under Goldman Sachs. 5% apy with zelle and same day transfers which is nice. If I were to open up a HYSA with Wealthfront would I be opening up a second investment account? Savings Advice After being rejected from Marcus(I am not sure why), I started researching again about the best HYSA's, preferably one that has good customer service, a competitive APY, unlimited transfers, and not so harsh ACH Transfers. Would be putting in somewhere around 40k-50k unless someone has a better suggestion? I currently have $3,000 ish with wealthfront hysa and it says in the app I have “23. However, if you overdraw the main HYSA, Wealthfront will withdraw the difference from your other categories, since ultimately it is the same HYSA. 5K subscribers in the wealthfront community. I'm a big fan of Wealthfront and their financial services provided. Do I have too much cash or should I be putting more money into investments moving forward? The free money I’m getting from APY is nice. If you really want to min max you are better off doing 1-4 month treasury Bill's through fidility. Amex is the only HYSA i know of with the unique feature of expedited fee free same day transfers. I would love to hear some additional tips and inputs too. Its an automated bond portfolio - similar to a robo-advisor equity portfolio, so you can withdraw whenever you like. My husband has an inherent need to keep at least $50k in liquid funds on hand… partly because he might need to cover payroll at his business if too many bills to clients don’t get paid in time (thankfully this has never happened), and partly because this is a I went with Capitals 360 HYSA after I opened an Amex HYSA and then spent the better part of a month trying to get them to link my already linked account (I have a gold card) to the savings account. 40 more in interest is not worth the switch in my opinion. I'm wondering if anyone has a HYSA at a bank they trust with a combination of good current rate and OK customer service? I use Wealthfront HYSA (currently paying 4. For background: I currently use a mix of Wealthfront, M1 Finance, and Fidelity. I couldn't do it. 55%) has a debit card, so it could be used for an emergency fund, but all my autopays are hooked up to capital one, and I couldn't be bothered changing them all. 50% APY Wealthfront is current having 5% which is hard to beat. Anyone else have a similar issue linking WF & Amex. Their interest rates may also fluctuate a bit more then a HYSA. 6% APY only to direct deposits. Two questions, first is a bit more of a comment. 50% = 5. Reply reply Wealthfront does not offer HYSA. The rate is higher than the HYSA even before the tax savings. Oct 27, 2024 · I’m wondering how safe Wealthfront is for holding my money in their HYSA (High-Yield Savings Account). You can also see how much money you earn every single day and they give you a prediction on how much it will be for the year. But that's not all! Refer friends who are new to Wealthfront and both of you will get a 0. My WF checking account is about 250k. 15 votes, 73 comments. I’ve had no issues with customer service or the app interface at all. Wealthfront is not an actual bank and is thus very limited, they don't even have personal checks. Members Online Marcus HYSA 5. They are 5. 55% to 4. However, I got really frustrated earlier today. Hello looking into opening a HYSA and I see that Wealthfront is currently offering 3. After downloading the app and all information was logged, I’m a bit confused. I actually started my hysa journey from ally to discover to wealthfront. The Wealthfront individual cash account (4. Currently just HYSA. That is the only disadvantage I can find with Wealthfront compared to Sofi - the speed of ACH transfers from bank to bank. Or check it out in the app stores Need honest reviews on the wealthfront HYSA. 05% / 100 / 12 = Interest earned More information can be found on Wealthfront website, but first thing first is that Wealthfront is insured by the Federal Deposit Insurance Corporation (FDIC) up to $2million dollars. If these HYSA provide a card, Unlimited withdrawals & transfers, access to payment apps (Venmo, CashApp, Paypal, Apple Pay, & Google Pay), able to Pay bills, then what is the benefit of Wealthfront's Cash Management account? Wealthfront HYSA? They’ve just raised there interest rate from 4. Wealthfront is offering an account with 5% apy with atm access while marcus has a 4. This means both new users and referral owners will receive 5. CD secure a rate, hysa can shift rates anytime. They also have same day transfers so if you need to withdrawal the money from wealthfront you can do so quickly. I pretty much decided on Wealthfront to open a HYSA account this week after being with Chase for 5 years in their savings account which earns nothing. I believe when I opened the account in 2022 the rate was 3. Planning on switching from Apple savings to Wealthfront HYSA account in an attempt to leave the Apple ecosystem a bit. 50% for 3 months. 😊 And don’t worry if you forgot to click on the referral code link for an APY boost of 0. I use SoFi as my main bank and just transferred my bulk savings to Wealthfront taking advantage of the 5. Had no issue transferring from ally to discover then discover to Wealthfront. As for which one to choose, you can compare their features, interest rates, and any fees they might have on Nerdwallet or Banktruth . 35%, Citibank was at 0. Tho I’m not new to Reddit, I’m not familiar with how to link the comment in question. With a referral they give 5. I’ve dove into HYSA’s recently and came across Wealthfront. Not something I’d be using often but has saved me in a pinch especially with emergencies. 10/10 recommend Use this link to sign up for a Wealthfront Cash Account and we’ll both get +0. Love it. I’ve used it for brokerage, IRA and HYSA. When you signup, just enter your bank information and if WF has an issue with the bank, they will tell you. Feb 21, 2023 · Wealthfront HYSA feedback. Also, debit cards are riskier than a credit card because they pull straight from your checking account. You should be able to transfer from any bank into a Wealthfront Cash Account. Just heard about Wealthfront's Cash Account / HYSA option, looks really attractive- could I get some clarification on the account linking /money transfer process? It seems to involve a third party service- I have some Questions on this I personally love Wealthfront for a HYSA earning 5% APY and bonus . Reddit is a great big community so get money off your cable bill, get a free iPad, or whatever incentive you're offered. The 5. Seems like Wealthfront is a no brainer but is its monthly compounding interest worse than Marcus's daily compounding interest? vanguard's money market fund almost always higher than their HYSA. 25% at Wealthfront. Just make sure you stick under the 250k FDIC-insured limit per account, to be safe. 25% APY HYSAs?. I absolutely love my Wealthfront account because of the HYSA rates paired with the checking functionality. Longer transfers than necessary, Marcus is 2 days while Sofi was up to 10 more than once and an average of like 6 business days. APY = (1 + r/n) n - 1, where r is the interest rate, and n is the number of compounding periods per year. Thats what I did. I'm thinking about moving all from my Chase savings to Apple's HYSA. I Bonds are State tax exempt. Members Online Wealthfront referral for 5. If the fed funds rate goes down the HYSA will also go down. Going from wf investment to savings and back is seamless ofc. I have the debit card too but have never used it. Wealthfront gives us the Annual Percentage Yield, which is based upon the interest rate but also takes into account compounding. 75%, so slightly more interest than the HYSA with slightly more risk. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. 0% but you can get it at 5. If anyone needs a referral code for a 5. App is easy to use, has tons of resources to help with saving like the buckets feature and the APY is high, with the referral code it’s pretty hard to beat too. 15%. Considering that it's a debit card, I figure that I can use that debit card at stores. Original: So, I see that there's a promo to make a HYSA with Wealthfront for 5%, with an additional 0. 2% and you don't pay state tax on them. I needed to transfer money from my Wealthfront HYSA to a business account (no owned by myself) and it was time critical. -Easy Access: With Wealthfront's mobile app and online banking platform, you can easily manage your HYSA from anywhere, making deposits, withdrawals, and transfers convenient -AND LASTLY, THE 5. Marcus. 3% APY (15x times the national average they advertise). During 2008 a MMF broke a dollar, albeit by like 5 cents. I am looking to open a HYSA with a new bank. 4% APY Referral $100k deposited on a Wealthfront HYSA? Or $100k invested on VTI? Sorry for the silly questions coz I’m pretty new in the investing world and I want to ask as much questions as I can to be on the safe side. Wealthfront is popular but I use Amex HYSA. This is so I can grow the Wealthfront account more instead of constantly rotating from bills being paid. Did extensive research and all directions kept pointing back to Wealthfront leading the pack. Could someone please advise how money transfers go? Specifically, how long does it take to deposit into your account with Wealthfront and if you need to transfer it back, how long that takes? Any other pieces of advice? Thanks! Wealthfront is giving 5% apy and has a pretty easy to use app. Have had a great experience over the years. Can someone please share their thoughts on their HYSA and any issues/problems that you may have came cross or anything that I should be mindful of before opening an account with them. 80% so I’m now considering opening a cash account. 6% yield vs 5% on Wealthfront. 5% APY Boost Reddit is a great big community so get money off your cable bill, get a free iPad, or whatever incentive you're offered. As someone else mentioned this makes zero difference if comparing the APY. It does suck that the HYSA doesn’t work with Zelle, but you can easily link it to Venmo to send/receive money from others. ) (The standard term for this is a "deposit sweep". 5% with referral. I did a large amount and now it won't be available for use until April 11. But even I don't know if this is the best way to use accounts, I'm trying lol. Can someone share how is your experience in terms of moving funds out of wealthfront HYSA? I have read some negative reviews as wellso want to take feedback before opening this? Is this worth opening an account? TC#162K #personalfinance #investments #HYSA I’ve used Wealthfront as my primary HYSA for years and have had nothing but a positive experience. If anyone is interested to try, below a referral code. Tellus is something I use for saving, but isn't FDIC insured, can't direct deposit checks, and their boost account is locked in for 2 months per deposit. This is for an emergency fund that has to be linked to my Trst account, and I like that WF does trust accounts. I’ve had no issues at all with transfer speeds or customer service at all. When you open and fund a Wealthfront Cash Account as a new client, you'll immediately start earning our industry-leading 4. But, you can lock in higher rates for a longer period of time with the automated bond ladder. Plus, you get a debit card to withdraw money from the ATM if you ever need cash. Marcus by Goldman Sachsoffers a high-yield savings account and three types of CDs. It's hard not to compare my Wealthfront account performance vs Schwab and Vanguard taxable accounts that are invested in total stock market index funds (e. Wealthfront deposits your funds at one or more banks. What they do is they shop around with banks to find the best savings account rates, and they spread your money across a few banks. One feature Apple had was instant transfers to bank for a fee. Deposit 100K with their current HYSA rate of 4. When I search for just the highest HYSA rate it shows me banks that all seem to have bad customer reviews. That said I’ve had an investment account, IRA, and cash account with Wealthfront for many years with no issues. I would stick with SoFi. It’s a HY checking account that you can use like any regular checking account for direct deposit and any other purposes. I read up on Wealthfront and it seems pretty straightforward, but I read some reviews/complaints on BBB that have made me apprehensive. 5 with referral than 5% which I understand is not much more than Sofis 4. Thank you all for sharing your referral links!! Much appreciated. It’s just as trustworthy as any other online HYSA as far as FDIC insurance, and their interest rate is the best around. The Cash Account referral program is for brand-new Wealthfront clients only. Not bad I think. It takes about 1-2 business days for my transfers into and out of wealthfront to go through and I have two different banks links for transfers; its the same time for both. After the federal rate cut it was reduced to . The index fund invested accounts have gained 7-8% this year, while my WF account has been completely flat basically since I opened it 3-4 years ago (e. I’ve had a HYSA with Capital One since November 2022 and have not experienced what the above comment stated. 26%. Which depending on your state can significantly increase overall net yield. That doesn’t seem like a lot but would I need to pay taxes on that amount earned? I’m in college and make under 11,000 annually from one job but I get about $6,000 in financial aid refund and have a second work study job that is One final thing of note: Wealthfront's Debit Card can't be added to Zelle through the Zelle app. I also find Ally's UI to be lackluster compared to SoFi or Wealthfront. Theres also significant differences between the fdic insurance you have in a hysa and the SIPC of a mmf. 15 votes, 43 comments. How safe is it to put more cash in WF checking… CDs aren't liquid, hysa are. Max amount is unlimited. 50% for first 3 months, when you use my I’ve used Wealthfront as my primary HYSA for years and have had nothing but a positive experience. I was recently told by a friend to open up an HYSA account and found wealthfront to be the highest APY. Every $10000 kept at 5% vs $4. Expand user menu Open settings menu Lol Just signed up for Wealthfront after having paid off some big debt so now I'm finally in the position to start earning interest. Both function the same as Ally's buckets, acting as digital envelopes so you can visualize and organize your money better. Jul 24, 2024 · Wealthfront vs. 80% APY. Seems like the highest number should be the winner. I ended up flipping a coin between Discover and Capital One (4. 50% APY boost - each friend who uses your link to open and fund their account earns another 3 months for up to 6 months of What does everyone think about the new HYSA from Apple that'll be available today at 1 PM EST. It's a great choice if you want to open CDs — but it doesn't have a checking account I like WealthFront due to convenience and you get a debit card. Hello! Looking to open my first HYSA and wanted to gauge people’s experiences with wealthfront. M1 is my personal “fun” account with mostly individual stocks. I’ve read different things about the cons and pros, but I was wondering what info could be gathered by asking this community. While money market funds are extremely low risk, they aren’t zero risk. Day 3: A summary of Wealthfront Emails to date (Day 1) - a total of 5 emails, in order: Verification that my 2FA is on Request to verify my email Email that my Cash Account is now open An email plug for their other products A marketing email plugging the Wealthfront blog (looks interesting, I haven't read it yet) (Day 2) - 1 email: -FDIC Insurance: Funds deposited in Wealthfront's HYSA are FDIC insured up to the maximum allowed by law, currently $250,000 per depositor. Account fees are 0. ETFs can lose value. 25% over an entire year will generate only $75 more in taxable income. Wealthfront has 5% base and 5. It is incredibly safe like an HYSA, but is not FDIC insured. It's not as high as some others out (Wealthfront at 5%) there but knowing it's back by Goldman Sachs and FDIC insured up to $250K makes it a safe bet for me. The earnings are not that much more though. Fidelity consists of my employer sponsored plans Wealthfront consists of my post tax investments. Liek collapsed are stop working completely how safe is Wealthfront what are some security feature is has that make it a safe HYSA. 25%. I knew they would increase to 5% by the end of this year and keep it that way because they have a proven track record of offering the best. Members Online Wealthfront Saving Account: 4. Currently the annual percentage yield is at 4. Message me if anyone is interred in referral. I’ve been using Wealthfront. New to the community - what are the pros/cons of a HYSA vs investing in dividend producing ETFs? I’ve noticed many people advocate for SCHD which has a 3. 8% right now. They’re super awesome, at a 5% APY and there’s no fees, minimums, or direct deposit minimums. I've been banking exclusively with BoA for the past 15 years and recently realized how much money I was missing out on with them. My biggest thing is having an account where I can separate money into categories, just like here on wealthfront. Probably going to just use that for the bare minimum safety net and move the rest into Wealthfront. Perhaps make one for a small portion of your emergency funds so you have quick access if needed, and keep your bulk in the HYSA. I’m struggling to pick cons, but some of the features on their joint accounts are limited as compared to individual. 5%, but after Wealthfront raised the interest rate, no one else has really matched it beyond Tellus App. I eventually gave up, and they closed the account for lack of funding lol. , of course it went up a If using as a HYSA instead, it does provide zero risk and interest stability. 55% interest and making a dollar cost averaged type investment into ETFs every 2 weeks. Wealthfront is offering 4. Thanks in advance! Ally compounds daily on savings accounts and CDs. How long have you used Wealthfront and do you like it? I hate that my checking account has literally 0% interest rate. Switching just because they offer . Does Wealthfront's debit card charge any fees for using the card at a store? Or is it completely free to use, just like a normal debit card with a traditional checking There’s no evidence to support your fear of losing money in an HYSA. Get the Reddit app Sharing my HYSA / Automated Investment Strategy 141 subscribers in the HighYieldSavings community. 5% APY Get the Reddit app Scan this QR code to download the app now As of 1st March 2024, Wealthfront HYSA is giving 5%+0. That works out to a return of 10. 50% but it does fluctuate up/down depending on the market. Wealthfront's product is kind of like a "mutual fund" for savings accounts. Ally's rates are actually on the lower side. Whether this is because Wealthfront disallows it, or because Zelle dislikes Green Dot Bank (the issuer of the Wealthfront Debit Card), it's anyone's guess—regardless, the effect is the same: you can't use it with Zelle. Account fees are $4/month at Betterment until you hit $20,000 in your account, then it moves to 0. 3% and it’s currently 4. Get the Reddit app Scan this QR code to download the app now. Use this link to sign up for a Wealthfront Cash Account and we'll both get +0. SoFi calls it "vaults" while Wealthfront calls it "categories". 75%. question, i just turned 18 and opened a wings financial account to connect a hysa to. 5% bonus. . I’ve heard great things about their service and customer support, but I’ve come across some negative reviews on Consumer Affairs that seem questionable. It has worked really well for me to split off money I'm saving to pay off my 0% APY credit cards when the bill comes due, while still having the funds fully visible. Members Online Wealthfront HYSA - 5. Which is not likely to be a problem but something to keep in mind. g. HSYAs at Wealthfront are so much better that anywhere else. I have a debit card and can instantly transfer cash beyond accounts. i also heard there was a code thing for wealthfront for a higher apy for a month? any info on my questions or guidance on what to open Depending on how much money you’re starting out with, Wealthfront may be cheaper. 5/5% APY seems Been a Wealthfront customer since 2016 and have their HYSA, Roth IRA, and regular investing account. Used one and I’m continuing to share the kindness. My Ally savings is at 3. With that said, Wealthfront is ideal for my use for it -- which is to park money I simply don't plan on using but want available within a week's notice. Personally I've had a Marcus HYSA since 2019 and love it. ) However, your cash does not go into an account at a bank all by itself; it is pooled together with other Wealthfront clients' cash, and placed into a large "omnibus" account. If you're leaning towards having a separate account for personal matters such as emergencies, then I recommend a High Yield Savings Account (HYSA). 25M and beats most current CD rates today and Wealthfront allows you to use your money when you need it and it doesn’t affect your rates or any penalties I know of, they even offer a digital card or ordering a physical one As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. 5% for 3 months with a referral code! This means both new users and referral owners will receive 5. That's it. i heard about the others but i havent signed up for any. Oct 11, 2024 · Came across this post looking for a safe backup HYSA with a higher rate to my wealthfront's HYSA (Currently 4% on Jan 2025). 75% The other 1/3 is in a Fidelity brokerage account invested in zero fee total market funds. The rate has consistently increased (similar to other HYSA) over that timeframe. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. I read a comment elsewhere (in another sub) that said Wealthfront puts your HYSA money in diff banks so you can exceed the $250K FDIC insured limit. 5%. 8%). Devil is in the details of the specific ETFs based on fixed income securities. 05% ! 🚀 This is an incredible opportunity to grow your savings like never before. You can create buckets like Yotta, or Sofi however you can't set up transfers directly to those categories, and it goes to what they call "individual cash account" so good luck remembering which funds were assigned for which category. 250k FDIC Insured. I haven't withdrawn much money yet from Wealthfront, but is there a maximum daily or weekly withdrawal limit in practice with the Cash account? IMO a HYSA is for saving, not spending, or at the very least, spending on big things like a car. But if the fed funds rate goes up the HYSA will increase therefore you'd lose out because you locked in rates with the automated bond ladder and you could have earned more on the HYSA. The pros are that the software is great, simple and elegant, and they are pretty active in adjusting the rate both up and down, they don’t hit you with any spam. We have 1/3 in a HYSA at 4. 50 fee for ATM use. Hey all! Best HYSA??? I always see these referenced in this sub but know nothing about them. Otherwise the rate is 1. It is taxed with Federal and State income tax. 26% APR. The interest earned from a HYSA is taxed as short-term income and subject to your normal income tax rates at federal, state, and local levels. They offer fast transfers and i’ll have my transfers in a business day. What is the difference between Wealthfront's Cash Management account and these 5-5. It states I have an individual cash account with 5% interest (same as hysa) but my question is what’s the difference between individual cash account and hysa or are they the same thing? Same happened with me and then I noticed on their website they have a new HYSA offering 5. I’ve used Wealthfront since its inception. " In short, referrals won't work if you already have an existing account. rzkv esc wmgi padjdu muui zqjl iku jzenzdu fkf xhsy