Here’s how much $1,000 could grow over 5 years in Wealthfront’s high-yield savings account, which has the highest rates available right now
|07/13/2019||Posted by BusinessMediaguide.Com under General World News||
- Robo-advisor Wealthfront recently bumped the annual percentage rate (APY) on its high-yield savings account to 2.57%.
- The savings account is FDIC insured up to $1 million, fee-free, and requires a minimum opening deposit of just $1, making it accessible to all savers.
- We did the math to find out how a $1,000 initial investment, plus additional contributions of $100 a month, would grow at the current interest rate over five years.
- Currently, Business Insider readers who sign up for a Wealthfront investment account will receive their first $5,000 managed for free in that account in perpetuity.
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