Wealthfront or what other high interest savings?

[Anonymous]

I saw Wealthfront mentioned on another thread. I currently have accounts at Marcus and AMEX for high yield savings. But now I see that Wealthfront is offering somewhat higher rates. Presently--Wealthfront 4.05%, Marcus 3.75, and AMEX 3.5%. Plus, it seems Wealthfront is FDIC insured up to 2m.

For current customers, how do folks like Wealthfront? While I hate the number of accounts I have open, I am tempted to consider Wealthfront for parking cash. Is there a better option to Wealthfront? Thanks in advance.

[Anonymous]

Fidelity is 4.11 right now

[Anonymous]

Unless you need more than the FDIC limit, I don't really see the advantage in switching. Even if you had 250k, the difference between Marcus and Wealthfront is 750 a year before taxes. Doesn't really seem worth the hassle of opening new accounts to chase yield.

[Anonymous]

Anonymous wrote:Unless you need more than the FDIC limit, I don't really see the advantage in switching. Even if you had 250k, the difference between Marcus and Wealthfront is 750 a year before taxes. Doesn't really seem worth the hassle of opening new accounts to chase yield.

If you are a couple the FDIC limit is 750k. 250k for each individual account and 250k for the joint one

[Anonymous]

Anonymous wrote:Fidelity is 4.11 right now

how do you get this rate at Fidelity?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Fidelity is 4.11 right now

how do you get this rate at Fidelity?

Spaxx

[Anonymous]

Anonymous wrote:

Anonymous wrote:Fidelity is 4.11 right now

how do you get this rate at Fidelity?

The cash you deposit is automatically placed into SPAXX which I think tracks short term gov securities or something like that. It also has 0.4% fee if you read the prospectus so subtract that. I think you get a better deal if you just move it to a short term treasury ETF from vanguard.