Wealthfront Makes Strides to Become Digital Bank

Digital wealth fintech Wealthfront is taking another step towards becoming a bank with their new and improved Cash Account; the new account will let clients use the company’s platform to automatically direct deposit paychecks, make purchases, settle utility bill payments, withdraw cash from ATMs, and perform peer-to-peer fund transfers; Wealthfront CEO Andy Rachleff tells Crowdfund Insider, “These features are an important first step towards our ultimate goal — to optimize and automate your entire financial life.”; the company had one of the highest rates in the market until recently with the Fed dropping rates they were forced to bring their rate to 0.26. CrowdFund Insider

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