Wealthfront
Wealthfront Cash Account
By Alex Compton · Last verified
The cash-management account that made everyone else raise their game
Insurance: Up to $8 million FDIC insurance ($16M joint) via sweep across up to 32 partner program banks; Wealthfront itself is not a bank
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-09-07 | 3.30% base (as of September 2026); up to 4.20% with new-client boost and direct deposit bump | $0 | $1 | Archive record · no attached snapshotLegacy snapshot; event-level evidence was not attached at the time |
Primary-source verification log
Append-only evidence ledgerEvent-level primary-source attachments begin with the September 2026 verification system. Older records remain visible but are not retroactively presented as evidenced.
Features
- ▸Free 24/7 instant withdrawals to eligible linked accounts, including weekends
- ▸New clients get a 0.65% APY boost for 3 months on up to $150k
- ▸Permanent 0.25% APY bump with $1,000+ monthly direct deposit plus a funded investing account
- ▸Checking features: debit card, account/routing numbers, bill pay, early direct deposit
- ▸Automated savings categories and self-driving money rules into investing accounts
- ▸Direct deposits arrive up to 2 days early
Pros
- +$8M FDIC coverage through the sweep network embarrasses single-bank $250k caps
- +Instant withdrawals 24/7 are the fastest cash access in the category
- +Boosts can push the rate above almost every standalone HYSA
- +Best-in-class automation if you also invest with Wealthfront
Cons
- −Not a bank — FDIC coverage depends on the sweep reaching program banks
- −Base 3.30% is good, not chart-topping, once boosts expire
- −No physical presence and no cash deposits
Our Take
The Wealthfront Cash Account is the strongest all-around place to park cash right now. The base rate beats most household-name HYSAs, the FDIC sweep coverage is effectively unlimited for normal savers, and instant 24/7 withdrawals remove the classic HYSA liquidity tax. If you can trigger the direct-deposit bump, it is the rare account that is both the fast option and the high-rate option.
Best for: Anyone holding serious cash who wants top-tier rate, coverage, and instant access
Open at Wealthfront →Last verified 2026-09-07
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