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How does Everbank offer rates above the fed rate? Wealthfront offers good rates but they track the fed rate pretty closely.
by iandanforth 2y ago
How does Everbank offer rates above the fed rate? Wealthfront offers good rates but they track the fed rate pretty closely.
- atombender 2y agoThe account may be a loss leader for them. It's definitely a legit bank; used to be owned by TIAA, and was called TIAA Bank for a while. They've tracked the fed rate for the whole year, so it's not a special temporary deal. The current rate only applies to new accounts; no idea how well established accounts track the rate.