Wealthfront Cash Account Participant Banks

Wealthfront clients may obtain the benefits of FDIC insurance eligibility in a cash account through the FDIC-Insured Deposit Sweep Program and the Participant Banks listed below. Once you open and fund your cash account, the available cash balance will be held on your behalf at one or more of the Participant Banks assigned to your account. Once at a bank, your cash balance will be eligible for FDIC insurance coverage up to the applicable limits.

Participant Banks as of 11/27/2024 are:

  • HSBC Bank USA, NA
  • Morgan Stanley Bank, N.A.
  • Morgan Stanley Private Bank, National Association
  • Wells Fargo Bank NA
  • Citibank N.A.
  • Truist Bank
  • State Street Bank and Trust Company
  • Manufacturers and Traders Trust Company
  • Bank of Baroda
  • East West Bank
  • Israel Discount Bank
  • UMB Bank, National Association
  • Barrington Bank & Trust Co., N.A.
  • Beverly Bank & Trust Co., N.A.
  • Crystal Lake Bank & Trust
  • Hinsdale Bank & Trust Co., N.A.
  • Lake Forest Bank & Trust Co., N.A.
  • Libertyville Bank & Trust Co., N.A.
  • Northbrook Bank & Trust Co., N.A.
  • Old Plank Trail CMNY Bank & Trust Co., N.A.
  • Schaumburg Bank & Trust Co., N.A.
  • St. Charles Bank & Trust Co., N.A.
  • State Bank of the Lakes, N.A
  • Town Bank, N.A.
  • Village Bank & Trust Co., N.A.
  • Wheaton Bank & Trust Co., N.A.
  • Wintrust Bank
  • AXOS Bank
  • Green Dot Bank
  • City Bank
  • ConnectOne Bank
  • Customers Bank
  • CrossFirst Bank
  • Peapack-Gladstone Bank
  • Midland States Bank
  • Northeast Bank
  • Metropolitan Commercial Bank
  • Farmers and Merchants Bank
  • Pinnacle Bank
  • Cross River Bank
  • BankUnited, N.A.*
  • Centennial Bank*
  • US Bank NA*

If you have any questions about Program Banks, please contact us.

*Planned addition to Program Banks.
**Planned removal from Program Banks.

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The Annual Percentage Yield (APY) for the Cash Account may change at any time, before or after the Cash Account is opened. The APY for the Wealthfront Cash Account represents the weighted average of the APY on the aggregate deposit balances of all clients at the program banks. Deposit balances are not allocated equally among the participating program banks. FDIC.gov national industry average savings rate as of .

Cash Account is offered by Wealthfront Brokerage. Neither Wealthfront Brokerage nor its affiliates is a bank. Wealthfront Brokerage conveys Cash Account funds to depository institutions that accept and maintain such deposits. The cash balance in the Cash Account is swept to one or more banks (the “ program banks”) where it earns a variable rate of interest and is eligible for FDIC insurance. FDIC insurance is not provided until the funds arrive at the Program Banks. While funds are at Wealthfront, before they are swept to the program banks, they are subject to SIPC’s protection limit of $250,000 for cash. FDIC insurance coverage is limited to $250,000 per qualified customer account per banking institution. Wealthfront Brokerage uses more than one Program Bank to ensure FDIC coverage of up to $8 million for your cash deposits. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the Program Banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits at Program Banks are not covered by SIPC. This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product.

All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Historical returns, expected returns, and probability projections are provided for informational and illustrative purposes, and may not reflect actual future performance. Please see our Full Disclosure for important details.

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