Why Rate-Chasing Doesnt Pay

1 Feb    Investing News

We’ve noticed something strange: whenever we’ve had to lower the annual percentage yield (APY) on the Wealthfront Cash Account, some clients immediately transfer their funds to a bank with a slightly higher APY, only to come back to Wealthfront once their new bank lowers its APY, too.  We call this behavior “rate-chasing,” and it’s not […]

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