Available to residents nationwide, Wealthfront is offering a generous 4.00% APY when you open a new Cash Account with a opening deposit of at least $1.00+. Continue reading to learn more about the account and rate.
Update 2/28/25: The rate has decreased to 4.00% APY from 4.25%.
Editor’s Note: Wealthfront increased FDIC coverage for individual accounts to up to $3 million and for joint accounts up to $6 million.
Wealthfront Cash Review
Wealthfront is an automated investment service firm based in Palo Alto, California, founded in 2008. They believe that more people across the economic spectrum deserve to live secure and rewarding lives. They’re excited to continue making sophisticated investment opportunities available to everyone, automatically.
I’ll review Wealthfront Cash below.
Wealthfront Cash Rate
To earn this generous rate, just maintain a positive balance and you can earn the high rate that apply to all balances!
- What you’ll get: 4.00% APY
- Eligible account: Cash Account
- Credit inquiry: Soft Pull
- Where it’s available: Nationwide (Online Bank)
- Opening Deposit: $100 minimum
- Monthly fee: None
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
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.
- Earn the current APY.
| Balance Requirement | APY Rate |
| $1.00+ | 4.00% APY |
Wealthfront Account Features
- Zero account fees
- Unlimited fee-free transfers
- Transfer to invest in minutes
- Up to $1M FDIC insurance through partner banks
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.
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Conclusion
Be sure to check out this attractive rate at Wealthfront. You can earn this rate on practically any balance which makes this offer so great!
In addition to the rate from Wealthfront, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
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”.