Empower Personal Cash vs Wealthfront Cash Account
Side by side on the numbers that decide it. The Money 8020 Score already weighs these — this is the receipts.
E Empower Personal Cash Empower 82/100 | Money 8020 pick W Wealthfront Cash Account Wealthfront 93/100 | |
|---|---|---|
| Tier | Strong | Essential |
| APY | 3.00% | 3.30% |
| Monthly fee | $0 | $0 |
| FDIC coverage | Via program banks | Up to $8M |
| Protection | FDIC (program banks) | $0 |
| Annual fee | — | — |
| Best for | Investors who want a high yield on cash next to their brokerage | Savers with large balances who want coverage above $250k |
| View profile | View profile |
Which should you choose: the Empower Personal Cash or the Wealthfront Cash Account?
The Wealthfront Cash Account is the stronger pick of the two, with a Money 8020 score of 93/100 versus 82. Choose the Empower Personal Cash instead if investors who want a high yield on cash next to their brokerage.
On aPY, the Empower Personal Cash shows 3.00% versus the Wealthfront Cash Account's 3.30%. On fDIC coverage, the Empower Personal Cash shows Via program banks versus the Wealthfront Cash Account's Up to $8M. On protection, the Empower Personal Cash shows FDIC (program banks) versus the Wealthfront Cash Account's $0. Both figures are reflected in the Money 8020 score above; confirm current terms with each provider before deciding. This is not financial advice.
Empower Personal Cash vs Wealthfront Cash Account: FAQ
Is the Empower Personal Cash or the Wealthfront Cash Account better?
By our scoring, the Wealthfront Cash Account edges ahead with a Money 8020 score of 93/100 versus 82. The Empower Personal Cash can still be the better fit if investors who want a high yield on cash next to their brokerage.
What is the main difference between the Empower Personal Cash and the Wealthfront Cash Account?
On aPY, the Empower Personal Cash offers 3.00% while the Wealthfront Cash Account offers 3.30%. Review the full table above and confirm current terms with each provider. This is not financial advice.