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Andy Rachleff lambasted competition for timid cash account offerings, but eats his own words with a pull-back to a middling 2.32% rate after Fed cut

Wealthfront robo-advisory CEO takes refuge in the fine print following Fed rate cut by shaving 25 basis-points off his market-leading 2.57% cash account rate

Author Oisin Breen August 26, 2019 at 8:33 PM
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Andy Rachleff: We raised our [rates] at the same moment Marcus and Ally “needed” to lower theirs.


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Mentioned in this article:

Wealthfront
Portfolio Management System
Top Executive: Andy Rachleff



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