Wealthfront: Savings Account & Rates
Mission: Banksparency aims to make Wealthfront's savings account transparent and comparable to the market.
Analysis of Wealthfront
Our verdict
Wealthfront offers Cash Account, a high-yield savings account paying 4.20% APY with no minimum deposit.
At 4.20% APY, Wealthfront pays 11x the national average (0.39%). Ranks in the top tier of 98+ accounts tracked.
Ideal User Profile
- Best for: banking without needing a branch and managing money from your phone.
Important Considerations
Key Differentiators
- Stands out with top-rated iOS app (4.8), highly-rated Android app (4.9).
Savings Overview
Cash Account
| Min. Deposit | $0 |
| Min. Balance | $0 |
| Maintenance Fee | $0 |
Prefer In-Person Banking?
This bank is online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
Bank Overview
- HQ LocationPalo Alto, California
- Founded2008
- Ratings & Trust
- Zelle® SupportNo SupportStandard ACH or Wire transfers only.
- Deposit InsuranceFDIC Insured
Top Market Contenders
Savings Account: In-Depth View
Savings Account Offered by Wealthfront
| Feature | Cash Account |
|---|---|
APY | 4.20%Range: 3.30% - 4.20%Verified: 4/6/2026 |
APY Trend | Rate Increased +0.30% Since 90 days ago |
Min. Deposit | $0 |
Min. Balance | $0 |
Monthly Fee | $0 |
Direct Deposit | None |
Checking Bundle | No |
Branch Access | None |
Compounding | Daily |
FDIC Insured | Yes |
Eligibility | United States |
Important | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New customers may earn the top rate of 4.20% for 3 months with direct deposit. See terms at Wealthfront. |
| Next Steps | - |
Calculate Savings for Wealthfront
Savings Breakdown
- Interest Earned+$1,285.70(8.4%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,285.70
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Wealthfront Savings Rates Over Time
Historical APY Insights
Last 5 Months| Metric | Cash Account |
|---|---|
Latest APY | 4.20% |
Trend | Sideways |
Slope (bps/mo) | 1.4 |
Rate Changes / Mo | 0.63 |
Days Since Last Change | 32 |
High (-5m) | 4.20% |
Low (-5m) | 3.90% |
Draw-down | 0.0% |
Volatility (CV) | 0.032 |
How to read these metrics▼
Trends & Velocity
- Trend
- The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
- Slope (bps/mo)
- Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
- Rate Changes / Mo
- "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.
Risk & Range
- High/Low
- The absolute ceiling and floor of the rate during the 144-day window.
- Volatility Score
- Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
- Days Since Change
- If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.
Why track this? Understanding volatility helps you avoid "bait-and-switch" rates. A steady, rising slope is ideal; high volatility often signals a temporary teaser rate.
Compare with Wealthfront
| Feature | Current View Wealthfront | Empty Slot |
|---|---|---|
| Product | Cash Account | - |
APY | 3.30% - 4.20%Verified: 4/6/2026 | - |
APY Trend | Rate Increased +0.30% Since 90 days ago | - |
| Min. Deposit | $0 | - |
| Monthly Fee | $0 | - |
Direct Deposit | No | - |
Checking Bundle | No | - |
| Branch Access | None | - |
| Eligibility | United States | - |
Compounding | Daily | - |
FDIC Insured | Yes | - |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New customers may earn the top rate of 4.20% for 3 months with direct deposit. See terms at Wealthfront. | - |
| Next Steps | - | - |
Bank-to-Bank Comparisons
Compare Wealthfront's APY of 4.20% with other banks
Alternatives to Wealthfront
Banks with Higher/Similar Savings APY
For a top list of the highest savings rates, see all HYSA top rates
Varo Bank
High-Yield Savings Account: 5.00% APY
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Climate First Bank
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Carver Bank
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GO2bank
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Minimum Deposit: $0
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Jenius Bank
Jenius Savings: 4.05% APY (Inactive)
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LendingClub
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Evergreen Bank Group
High-Yield Online Savings: 4.25% APY (Inactive)
Minimum Deposit: $100
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Axos Bank
Axos ONE: 4.21% APY
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Summit Savings: 3.75% APY
Minimum Deposit: $0
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Newtek Bank
Personal High Yield Savings: 4.20% APY
Minimum Deposit: $0.01
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Neighbors Bank
Neighbors Savings Account: 4.20% APY
Minimum Deposit: $0
Eligible States: Limited (see details)