Wealthfront: Save and Invest

Wealthfront

About this app

EARN 4.50% APY ON YOUR CASH
With our Cash Account, we work with partner banks so you can earn nearly 10x the national average interest rate and get 32x the standard FDIC insurance ($8M for single accounts, $16M for joint accounts). Plus, skip the account fees, and make unlimited fee-free transfers. It’s easy to spend, save, and organize your cash, and it’s easy to move your money to invest within minutes when you’re ready.

HIGHER YIELD, LOW-RISK BOND ETFS
Our Automated Bond Portfolio is a diversified mix of bond ETFs that’s easy to manage and easy to cash out. Designed for a higher yield than savings with less risk than stocks and personalized to your tax situation, it’s an ideal place to save for your near-term goals.

AUTOMATE YOUR INVESTMENTS
Hands-off investing made easy. Start by answering a few questions, and we’ll recommend a globally-diversified portfolio of automated index funds that’s personalized for you. We’ll handle the trades, reinvest your dividends, and help to lower your taxes with Tax-Loss Harvesting.

INVEST IN STOCKS WITH ZERO COMMISSIONS
Skip countless hours of research and get the due diligence done for you with our Stock Investing Account. We make it easier to explore investing themes and opportunities to help you find more companies that aren’t on your radar (yet!). It’s your shortcut to smarter stock investing.

BUILD YOUR WEALTH IN ONE PLACE
Get a big-picture view of your finances and make sure you’re on track now and into retirement. Say goodbye to multiple apps and forgotten passwords, and take the guesswork out of building wealth.

Disclosures

Product interface images are for illustrative purposes only and securities displayed aren’t endorsements or recommendations. Any performance figures displayed aren’t representative of actual performance.

The national average interest rate is based on FDIC.gov, as of November 3, 2023.

Nerdwallet receives cash compensation for referring potential clients to Wealthfront Advisers, LLC (“WFA”) via advertisements placed on their respective websites. Nerdwallet and WFA are not associated with one another and have no formal relationship outside of this arrangement. Nerdwallet’s opinions are their own. Their ratings are determined by their editorial team. The scoring formula for online brokers and robo-advisors takes into account over 15 factors, including account fees and minimums, investment choices, customer support and mobile app capabilities. Nerdwallet ranking as of January 2023. © 2017-2023 and TM, NerdWallet, Inc. All Rights Reserved.

Bankrate's endorsement was voluntarily given and Wealthfront has no formal relationship with Bankrate.

Cash Account is offered by Wealthfront Brokerage LLC (“Wealthfront Brokerage”), a Member of FINRA/SIPC. Neither Wealthfront Brokerage nor any of its affiliates are a bank, and Cash Account is not a checking or savings account. We convey funds to partner banks who accept and maintain deposits, provide the interest rate, and provide FDIC insurance. Rate is subject to change. Investment management and advisory services--which are not FDIC insured--are provided by Wealthfront Advisers LLC (“Wealthfront Advisers”), an SEC-registered investment adviser, and financial planning tools are provided by Wealthfront Software LLC (“Wealthfront”). The Stock Investing Account is a limited-discretion investment product offered by Wealthfront Advisers.

All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Nothing in this communication should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security.

Wealthfront, Wealthfront Advisers and Wealthfront Brokerage are wholly owned subsidiaries of Wealthfront Corporation.

Ratings and reviews

The UX is great, I find it very intuitive. I also really enjoy playing with the estimates: how would my retirement age change if I bought a house, saved more money, etc. The app is *almost* gamified, and I notice that it subtly presents the idea I'm doing better than I am: adjusting the time frame for investment payback can dramatically change the the reported return rate on investments. All that being said, it's very easy, I think it gives a good overview, and is a good additional investment.

(edit) *updated to 5 because its been working great for years! Still has those old quirks below, but they're forgiven* Great app and interface! It definitely has a couple kinks like how it accidentally created and funded two separate accounts when I signed up, or how the retirement path chart drops from 1million to 0 without explanation in 40 years. But when its working correctly, its awesome! I'll continue using it.

Really good app. The only thing I wish is that it would allow me to change my address without having to login through the desktop website. Customer service were really helpful though and guided me through the process. Update: The feature to segregate your savings is such a game changer. I can allocate my money within the savings account and create categories! Just amazing!!

What's new

We release the Wealthfront app every week for latest product launch / quality improvements / bug fixes and other updates. Be sure to keep your app to the latest version for the best experience!