Ask Terry Questions Cash Investments at Wealthfront

Cash Investments at Wealthfront

By Terry Savage on August 30, 2019 | Chicken Money

I am 66 and still working. I have over $1M in 401(k) and IRA’s. I have loaned cash and need a place to reinvest the monthly cash payments.
My question is, “Do you recommend Wealthfront Cash Account, paying 2.30% and insured to $1M?”

Terry Says

This is a new offering from Wealthfront.  They divide your deposits into different banks to stay below the insured limit.  And the rate is much better than you can get at a local bank.  In fact, it’s on my list to write a column about it. So yes, go ahead!



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