Ask HN: Is there a service to programmatically allocate cash to savings accounts

3 pointsa1pulley3y ago2 comments

As interest rates climb, I manually move cash to maximize interest income. Is there a service that automates this? I'd happily pay a subscription fee to not have to do the research and click through a bunch of forms every couple of months. This hypothetical service would only work on accounts that are already open.

2 comments

theandrewbailey3y ago

Are you paid through direct deposit? You should be able to have it deposit a set amount into one or two extra accounts.

a1pulleyOP3y ago

I am. To be more specific, I have X dollars in a Robinhood cash sweep account because it paid the highest interest rate 6 weeks ago, where X >> whatever I get paid biweekly. Now I want to move X dollars to Wealthfront, but I'd rather not have to go through this process again in a few weeks.

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Ask HN: Is there a service to programmatically allocate cash to savings accounts

3 pointsa1pulley3y ago2 comments

2 comments

theandrewbailey3y ago

Are you paid through direct deposit? You should be able to have it deposit a set amount into one or two extra accounts.

a1pulleyOP3y ago

j / k navigate · click thread line to collapse