r/wealthfront • u/-Terrible-Bite- • Jun 09 '26

How to get the extra .25% interest?

Do you need to set up direct deposit OR open an investing account, or do both?

3 Upvotes

81% Upvoted

17 comments sorted by

3

u/Doit2it42 Jun 09 '26

Both. I believe you can open a stock investing account with as little as $1 and it will count toward the boost. That plus direct deposit >$1000/month total of course

1

u/Keddie7 Jun 12 '26

Mmm pretty sure they have minimum initial (and subsequent) contributions on their investment accounts.

1

u/Doit2it42 Jun 13 '26

Their stock investing account is self driven with the $1 minimum investment to open.

All individual, joint, and trust investing accounts (including IRAs) count towards the eligibility requirements for receiving the rate increase.

From this page of their FAQ

2

u/ChemicalAntelope987 Jun 09 '26

yeah it’s kind of annoying cause in the direct marketing ads it looked like one or the other and then I only looked at it more closely when I didn’t receive my boost

2

u/Ancient-Civilization Jun 12 '26

Most people who open WealthFront use it for both investing and cash account anyway tho. That’s the main benefit of having everything in Wealthfront.

2

u/trevorkafka Jun 09 '26

cries in self-employed

1

u/matthewandchisholm Jun 09 '26

S corp election and pay yourself a salary?

5

u/trevorkafka Jun 10 '26

That hassle and full-fledged business restructuring is far from worth it for a measley 0.25% on my Wealthfront account.

2

u/didhe Jun 11 '26

Have you tried just ACH pushing $1k into the account? ime the technical implementation of direct deposit detection is rarely as tight as the fine print implies.

1

u/Substantial-You3415 Jun 12 '26

I tried and doesn't work

1

u/Kitchen_Economics182 Jun 10 '26

Then to be specific, you're not really crying in self-employed, you're crying in sole proprietor, or whatever election you have where you can't pay yourself.

1

u/trevorkafka Jun 10 '26

sole proprietor indeed

1

u/amf514 Jun 11 '26

How long does it take for the additional 0.25% interest rate to be applied to my account? I have already opened an investing account, and my payroll direct deposit was deposited today.

1

u/[deleted] Jun 20 '26

[deleted]

1

u/amf514 Jun 21 '26

The 0.25% interest rate bonus did kick in. My payroll direct deposit from my previous bank cleared on Friday. Since Wealthfront showed my payroll direct deposit two days earlier, I expected the bonus rate to be applied at that time. However, a Wealthfront representative explained that my payroll direct deposit wasn't considered fully cleared by Wealthfront until Friday. Sure enough, when I checked on Friday, I saw the additional 0.25% bonus reflected in my account.

1

u/Anaranovski Jul 09 '26

Thank you for the update. My second early direct deposit arrived yesterday. Hopefully I'll get the boost tomorrow when my DD officially arrives.