Wealthfront: Save and Invest
Wealthfront: Save and Invest is a free iPhone app available in the Business & Productivity category, specifically designed for those interested in finance. The app offers a Cash Account that allows users to earn 4.55% APY on their cash. This account offers unlimited fee-free transfers and provides up to $5M FDIC insurance through partner banks. The app also offers a Stock Investing Account that allows users to invest in stocks with zero commissions and no management fees.
Moreover, Wealthfront: Save and Invest offers an automated investment feature that recommends a globally-diversified portfolio of automated index funds personalized for each user. The app handles the trades, reinvests dividends, and helps to lower taxes with Tax-Loss Harvesting. The software can help users save on taxes by making automatic trades that turn investment losses into tax wins.
The app provides a big-picture view of users’ finances and helps them ensure they are on track for their future. It eliminates the need for multiple apps and forgotten passwords, making building wealth a breeze.
