Wealthfront

Very easy to set up and invest with zero hassle. Return is only ok... Good for those who don't want to spend too much time optimizing assets, but not the product for people who are hoping to gain serious return.

In addition to their other robo-investment offerings, Wealthfront now has a "Cash Account" with an interest rate of 2.57% APY. The account is FDIC insured up to $1 million. It only takes $1 to open. There are no additional requirements. So this is the account I was interested in. When I opened it and linked my checking account, ALL of my accounts, credit cards with that particular bank, and presumably all of my banking transactions flowed into the Wealthfront Account! I was surprised. They have free financial planning software to help you track your spending. I had thought it was just another savings-type account! Following is doctorofcredit's summary. (I have never known doctorofcredit to be deliberately inaccurate or not to correct or update information.) ""It's not technically a bank account, rather a brokerage account which holds the funds in an FDIC accounts (hence the ability to have up to $1M, more than FDIC limit of $250k). Looks like currently it's more of a savings account than a checking account since they don't offer a debit card, bill pay, check writing, etc, though they are considering adding those things. You can see their FAQ here. An advantage this has over savings accounts is that there is no limit to the number withdrawals per month.""

If you look at your 401K you will notice tremendous fees going to the people running these funds. Not so for wealthfront and if you are still in your 30s this adds up to quite a bit of money by the time you are 65.

Wealth Front is an easy way to manage personal investments with lower fees than a traditional wealth management or brokerage firm. I like to do a lot of my own investing so it suited me just fine. I don't know how it compares to Vanguard and other low-cost providers but I've been impressed by Wealth Front so far.

Fees are a big deal and in the end it is what separates out startups like wealthfront from bigger players. Vanguard has low fees and you know what...wealthfront is better on some funds. Much better interface to track your investments though.

We found that this business has an active Facebook page with 58467 followers. From our experience this can indicate that the business is trustworthy and popular among people. We have discovered that this business has SSL (secure sockets layer), which means that this business handles your data, such as personal information or credit card details, with secure connection. We found that the domain for this business is older than two years which could be an indication that this is a trustworthy business with an established customer base and experience in their field. We found that this business has an Instagram page, where they communicate with their customers using images and videos. This is usually an indication that the business has some visual aspects that it wants to showcase. We discovered that this business has a Wikipedia page. To us this shows that the business is credible and well known for its products, services or innovation.