Wealthfront Cash Account

The Wealthfront Cash Account is the benchmark cash management account: an uncapped no-hoops rate, the best transfer speed in the category, and category-defining FDIC sweep coverage. The honest verdict: the strongest all-around cash account for people comfortable holding money at a brokerage rather than a bank. The base rate is 3.30% APY, in effect since January 30, 2026 and still current on wealthfront.com as of July 22, 2026, on all balances with no hoops. A 0.65% new-client boost runs for 3 months on balances up to $150,000, and a permanent 0.25% boost applies with $1,000+ per month in direct deposits and a funded investing account (since March 2, 2026), stacking to the advertised headline of up to 4.20%. Opening takes $1, there is no monthly fee, and deposits sweep across 30+ partner banks for FDIC coverage up to $8M individual or $16M joint. Withdrawals are instant 24/7 to linked accounts, and the account includes a debit card, ATM access, and checking features like bills, direct deposit, and checks. The catches: Wealthfront Brokerage is not itself a bank, coverage depends on the sweep mechanism with cash-in-transit nuances, the top headline rate requires boosts, and there is no physical presence.