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What do you mean have at least $100K? Like in one of their savings accounts? You can get 5% APY right now from Wealthfront in their savings, so you'd have to fo
by hotpotamus 3y ago
What do you mean have at least $100K? Like in one of their savings accounts? You can get 5% APY right now from Wealthfront in their savings, so you'd have to forgo a lot of interest to get that extra 0.625% over Citi's credit card.
- leg 3y agoLinked investment account counts. You just need $2500 in a checking account, the rest can be in whatever ETF or stock you'd like.
- dortmunder13 3y agoIt's 100k in combined assets at BofA / ML, so if you have 100k in a brokerage account (or an IRA or a HSA or ...) you're eligible. It's not restricted to the super low yield savings accounts.
- dmoy 3y agoRight as others have mentioned, it's not $100k in savings, it's $100k total across their stuff. But even if it was $100k savings, you can get ~5% APY at BoA high yield savings through Merrill anyways. I don't recommend that since Fidelity works better for that type of account, but you could do it.