Open a new
Cash Account
then boost your
APY to 4.00% 4.50%!
When you open a Cash Account, not only can you earn 4.00% APY through partner banks (one of the best APYs available), you can get a 0.50% APY boost for 3 months when you refer a friend and they sign up. You’ll also enjoy:
Wealthfront Brokerage LLC’s Promotional Interest Referral Program, allows existing Cash Account clients (referred to as “Eligible Referrers“) to refer prospective first-time Wealthfront clients (persons who are eligible to open a Wealthfront account and have never opened or held one before). When an eligible new client opens and funds their first Wealthfront Cash Account through a referral link, then Wealthfront will increase the current APY interest rate offered on both the Eligible Referrer’s Cash Account and the eligible new client’s Cash Account by 0.50% APY for three months on up to $250,000 (across all of each person’s Cash Accounts), provided that all applicable terms and conditions have been satisfied. This referral also qualifies Eligible Referrers and eligible new clients for up to three concurrent months of the Fee Waiver Promotion offered by Wealthfront Advisers LLC. Wealthfront reserves the right to modify or terminate the Promotional Interest Referral Program and/or Fee Waiver Promotion at any time without notice. For full details please review the Promotional Interest referral program and Fee Waiver Promotion Terms and Conditions.
Learn more about this referral reward
Savings? Checking? Better.
Who says you should have to choose one or the other? Wealthfront isn’t a bank, but we work with partner banks to get you an industry-leading 4.50% APY, the security of FDIC insurance, and a full array of fee-free, no-strings-attached checking features — all wrapped up into one label-defying package we call a Cash Account. (FYI, your average bank only gets you 0.41% APY 👎)
Checking features
ATM fee reimbursement
We’ll reimburse 2 fees per month at out-of-network ATMs in the U.S. (up to $7.50 each). You can also access 19,000+ free ATMs nationwide.
Free wire transfers
Transfer funds for free to title and escrow companies and accounts you own at other institutions.
Pay bills, send and deposit checks
Move money and pay bills with account and routing numbers, plus send free checks and make deposits with our mobile app.
Saving features
Transfer to invest in minutes
Move cash to a Wealthfront investing account in minutes, and get your long-term money working even harder, ASAP.
Automated savings and transfers
Create your own automated plans and set recurring transfers to move money to your savings goals and investments with Wealthfront.
Cash Categories
Easily bucket your money to stay organized and set customizable saving goals.
Ready to get your money earning?
Open an account
Earn interest on every penny of your paycheck.
Enroll in direct deposit to get paid up to 2 days early. That’s not just money you can spend sooner — it’s money that can start earning 4.50% APY quicker. So quick, in fact, that it’s worth doing some quick math: If you’re paid biweekly, that’s up to 52 days of extra earning per year, or a 14% boost on interest you could earn from your paycheck. (As if you needed another reason to look forward to payday.)
Don’t just grow your savings.
Grow your spendings, too.
Why pay for expenses out of a low-APY account if you don’t absolutely have to? With multiple ways to cover everything from credit card bills to aikido classes, you’ll keep earning 4.50% APY until your money’s out the door — without even breaking a sweat.
Money for monthly expenses: $7,500
You could earn an extra +$27.56 in monthly interest.
Calculation is an estimate and assumes 4.50% APY for 30 days and no withdrawals. Actual interest payments and APY can vary. Learn more
“The Wealthfront Cash Account is my main source of money coming in and going out. I just like the convenience of having everything in one place versus a whole bunch of services that I need to manage.”
Sid V. | Client since 2015
The testimonials above are by clients of Wealthfront Brokerage. No compensation was provided. These testimonials may not be representative of other clients’ experience. Rate is subject to change.
How do we stack up?
See for yourself.
Cash Account
Traditional Bank
Savings Accounts
High-Yield Cash Management Accounts
High-Yield Savings Accounts
Yield
4.00% APY
0.41% APY
National average - FDIC.gov
4.00%
3.80% - 4.00%
(Can require commitments like direct deposit)
Account Fee
$0
Typically $5-$8/month
Up to $5/month
Typically $0
Withdrawals to external accounts
Free instant withdrawals to eligible accounts — even on weekends and holidays!
Free, typically 2-3 days
Free, typically 2-4 days
Free, typically 1-3 days
Insurance
FDIC insured up to $8M through partner banks
FDIC insured up to $250K
FDIC insured up to $2M-$5M through partner banks
FDIC insured up to $250K
Domestic wires
Free wire transfers to title companies and accounts you own
$25-$40
Usually not available
$20-$35
The APY rates and other information listed are as of March 17, 2025, and are subject to change. Traditional Bank Savings Accounts include the top US banks based on total assets. High Yield Cash Management Accounts were chosen based on a combination of industry-leading high APYs, strong insurance protection, and low to no account fees, and are most comparable to Wealthfront’s Cash Account. High Yield Savings Accounts were chosen based on being top rated by popular personal finance review platforms such as Bankrate and Nerdwallet.
Don’t save your questions.
We’ve got answers.
Will the interest rate lock in, or does it change?
Short answer: it changes based on a number of factors — the most important factor being the Federal Funds Rate.
Long answer: it’s in our best interest to offer our clients a competitive rate, so we’re always looking for opportunities to do just that. When our partner banks pay us more for our deposits, we pay it forward to you with a better APY. We’ll always notify you when the rates change.