Saving Archives | Wealthfront Blog https://www.wealthfront.com/blog/category/saving/ Personal Finance & Investing Insights Fri, 27 Sep 2024 15:01:57 +0000 en-US hourly 1 https://www.wealthfront.com/blog/wp-content/uploads/2019/09/cropped-wave-logo-transparent-hi-res-500x500.png Saving Archives | Wealthfront Blog https://www.wealthfront.com/blog/category/saving/ 32 32 How To Make the Most of Your Money When Interest Rates Decrease https://www.wealthfront.com/blog/money-when-interest-rates-decrease/ Fri, 27 Sep 2024 15:01:55 +0000 https://www.wealthfront.com/blog/?p=17403 Recently, the Federal Reserve lowered the target range for the federal funds rate. This decision affects most consumer interest rates, so it’s normal to wonder what this change might mean for you. In this post, we’ll explain what interest rate decreases mean for your money and how you can make the most of your savings […]

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]]> The Wealthfront Cash Account vs. High-Yield Savings Accounts https://www.wealthfront.com/blog/wealthfront-cash-account-vs-savings-accounts/ Thu, 25 Jul 2024 17:01:04 +0000 https://www.wealthfront.com/blog/?p=16539 The Wealthfront Cash Account offers a high yield of APY and up to in FDIC insurance through our partner banks. In some ways, that might sound similar to a high-yield savings account. But Wealthfront is not a bank, and the Cash Account is not a savings account or high-yield savings account—it’s something better. In this […]

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]]> How To Get the Most Out of Your Cash Account https://www.wealthfront.com/blog/make-the-most-of-your-cash-account/ Fri, 28 Jun 2024 16:32:34 +0000 https://www.wealthfront.com/blog/?p=17234 We built the Wealthfront Cash Account to be the ideal home for your short-term cash. That’s why the Cash Account comes with a high APY and up to of FDIC insurance through our partner banks, with absolutely no account fees.  It’s no secret that earning a high APY on your cash is incredibly powerful. But […]

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]]> How Should I Save for Short-Term vs. Long-Term Goals? https://www.wealthfront.com/blog/short-term-long-term-savings/ Mon, 09 Oct 2023 23:33:06 +0000 https://www.wealthfront.com/blog/?p=13817 When you think about your financial future, you probably have three kinds of goals: short-term goals, like a vacation you plan to take later this year, near-term goals, like a down payment for a house, and long-term goals, like sending a child to college or retiring. In order to give yourself the best chance of […]

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]]> How Much Money Should I Save? https://www.wealthfront.com/blog/how-much-money-should-i-save/ Wed, 19 Apr 2023 21:48:40 +0000 https://www.wealthfront.com/blog/?p=16459 Saving advice is everywhere –– but how much is enough? The goal of asking, “How much money should I save?” isn’t just to hit a number suggested by someone else. Instead, it’s about asking yourself questions like which financial goals matter most to you, what stage of life you’re in, and how you can set […]

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]]> The High Cost of Low-Yield Accounts https://www.wealthfront.com/blog/the-high-cost-of-low-yield-accounts/ Tue, 10 Jan 2023 20:14:45 +0000 https://www.wealthfront.com/blog/?p=16157 Note: As of , the Wealthfront Cash Account has a APY. Read more about it . Not all savings accounts and cash accounts are created equal. They can have big differences, like how much FDIC insurance they offer, what account fees they charge, and which features they make available. But arguably the most consequential difference […]

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]]> How Some Banks Avoid Paying You a High APY https://www.wealthfront.com/blog/how-banks-avoid-paying-high-apy/ Thu, 17 Nov 2022 20:29:35 +0000 https://www.wealthfront.com/blog/?p=16077 When you’re shopping around to find a good home for your cash, you might see some very high APYs advertised. At first, this probably seems like a good thing. However, if you dig into the fine print for some of these accounts, you’ll notice that the advertised rate can actually have all kinds of strings […]

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]]> Wealthfront Isn’t a Bank — Here’s Why That’s a Good Thing https://www.wealthfront.com/blog/wealthfront-isnt-a-bank/ Mon, 31 Oct 2022 22:41:04 +0000 https://www.wealthfront.com/blog/?p=15994 It’s no secret: Wealthfront is not a bank. We’re proud of this because it’s a huge benefit to our clients. Choosing not to be a bank is what enables us to offer you best-in-class products like the Cash Account that are far superior to what a bank can offer, so you can grow your long-term […]

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]]> How Can I Protect My Cash When Inflation Is High? https://www.wealthfront.com/blog/protect-cash-from-inflation/ Tue, 27 Sep 2022 23:23:07 +0000 https://www.wealthfront.com/blog/?p=15956 Note: As of , the Wealthfront Cash Account has a APY. Read more about it . It’s no secret that inflation, or an increase in the price of goods and services, has been unusually high for much of 2022. While it’s always important to get the most out of your savings, it’s especially important to […]

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]]> What Fees Do Banks Charge and How Can I Avoid Them? https://www.wealthfront.com/blog/bank-fees-and-how-to-avoid-them/ Thu, 08 Sep 2022 22:14:46 +0000 https://www.wealthfront.com/blog/?p=13177 When it comes to your savings, account fees are a bad thing. Fees can eat away at your wealth over time and are essentially negative earnings. Unfortunately, many financial institutions charge a broad range of fees on checking, savings, and cash accounts. They do this for two main reasons: one, according to our estimate, banks need […]

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