Eligibility requirements: To receive a 3-month 0.50% APY boost for you and a friend, you must invite someone who isnโt already an existing client of Wealthfront product and services, and doesnโt name you as a secondary account holder for a Joint or Trust Cash Account.
Reward benefits: When the eligible person you invite opens and funds a Cash Account through your referral link, you'll both get a 3-month 0.50% APY increase over the current interest rate. You'll earn your APY increase the day after your friend completes an application, and your friend will get theirs within 24 hours after their new account is funded.
During those 3-months, youโll both also get $5,000 managed for free in an eligible Automated Investing Account.
Any additional referrals you make extend the length of time to which the APY increase is applied.
Boost maximums: There's no limit to the number of referrals you can make; however, the maximum total duration of APY increases you can earn across all promotions is 6 months. The APY increase applies to a maximum of $250,000 across all of your Cash Account balances and categories.