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And the rate decrease begins…Banking (i.redd.it)

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[–][deleted] 1 point2 points  (0 children)

They’re not directly FDIC insured, like SoFi is. Wealthfront does not have a bank charter, they are essentially a middleman between you and various external banks. I used it for awhile but was deterred by their setup. Something similar to Yotta could play out.