Wealthfront or Robinhood for HYSA
Have 75k sitting idle in my chase savings account. Want to invest the money in HYSA so that I can take it during emergency. Wealthfront and Robinhood GOLD are both giving 5% . Leaning towards RH gold because with RH gold you can also trade whenever required . Any inputs folks on which one is better? Of if there are avenues please let me know .#investments #personalfinance #money y
I split mine up. You never know when there might be issues accessing money. So there's no point in putting all your eggs in one basket. Go read what happens when people get locked out of PayPal, Chime, Venmo, or other fintech. With a real bank, at least you can drive down there and yell at someone. Sending emails into the void isn't the same. Wealthfront uses Green Dot, which is sketch. But they sweep the cash into real banks every day, so that should be fine.
I have both. Both good. DM for Wealthfront referral. We both can get 0.5% more for 3 months.
It honestly depends on what you want to do. I would recommend WF if you are similar type of investor. Both are same but the WF app is much nicer to use, plus WF gives access to 529 and other trust plans. Since someone already shared a referral invite with you I wont bombard lol. One thing I do know is WF has more than 250k FDIC insured. Also check this comparison: https://www.fool.com/the-ascent/buying-stocks/wealthfront-vs-robinhood/#:~:text=Robinhood%20offers%20Roth%20and%20traditional,college%20savings%20account%20for%20children.
If anyone needs a Wealthfront referral that will help them to earn 5.50 % apy on savings account, please DM me.
DM for wealthfront referral
Money market fund at any broker. Fidelity, vanguard, schwab. All of them return close to 5% annualized yield
How is ML? Any body used that?
Is that guaranteed? Also how quickly can you access the fund?