Update 3/116/2020 – Rate lowered to 1.27% APY.
Update 11/1/2019 – Rate lowered to 1.82% APY.
Update 8/12/2019 – Rate lowered to 2.32% APY.
Wealthfront has a high yield Cash Account that is now offering the best rate out there. They have increased the APY from 2.51% to 2.57%. This is the highest offer we have seen for large amounts and without any required monthly activities. This is really a brokerage account, but there’s no investment necessary. You can open an account with as little as $1 and it is FDIC insured up to $1 million. The account doesn’t really have many options besides ACHs.
Offer Terms
- FDIC insured up to $1 million.
- Unlimited, free transfers.
- No fees.
- $1 minimum.
- No additional deposit requirements.
Guru’s Wrap-Up
This is the best rate available nationwide for large amounts with no monthly activities required. You can open the account with just $1 and you’ll still get the 2.57% APY. There’s no debit cards or checks and you can use it for bill payments either. But you get unlimited free transfers. You can check other high yield accounts here.
Account Details
- Offer Page
- APY: 2.32%
- Min/ Max Amount: Minimum $1. Maximum $1M, FDIC insured.
- Inquiry Type: Soft
- ChexSystems Pull: Yes
- Credit Card Funding: No
- Requirements: None
- Monthly Fee: No
