Cash Investments at Wealthfront
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!
