I was planning to transfer my cash savings from BOA to Betterments everyday savings account as its giving 2.36% for APY. Is it safe to do that ?
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I use wealthfront. Similar percentage
Is isn't FDIC insured?
It is FDIC insured
It’s safe, $1M FDIC insured.
As safe as keeping it in BofA but you get more interest and no fees. Just be prepared for a 1-3 say wait when you need it back...ACH takes time.
Thank you