Wealthfront’s Cash Account is yet another high-yield savings product. Competition in this field is leading to higher interest rates and lower fees, so now’s the time to jump on board.
The account is FDIC insured up to $1 million, fee-free, and requires a minimum opening deposit of $1, making it accessible to all savers.
Currently, Business Insider readers who sign up for a Wealthfront investment account will receive their first $5,000 managed for free in that account in perpetuity.
High-yield savings accounts with no fees are the way to go for your short-term savings and emergency fund. Mine has already earned me $70 in interest in just three months.
It took me longer in adulthood than I’d like to admit to finally build a habit of saving money, but once I did, it stuck. While I’d love to tell you that I tracked every last penny I spent, the truth of how I boosted my savings is much simpler: automatic deposits, and high interest rates.
I opened a savings account with an online bank that offers high interest rates and no fees, and I set up automatic deposits into that account from my paycheck. This means the money I …read more
Source:: Businessinsider – Finance