{"id":10110,"date":"2019-03-21T09:00:09","date_gmt":"2019-03-21T16:00:09","guid":{"rendered":"http:\/\/canary.kcprod.info/blog\/?p=10110"},"modified":"2024-06-12T11:36:57","modified_gmt":"2024-06-12T18:36:57","slug":"portfolio-line-of-credit-25k","status":"publish","type":"post","link":"https:\/\/canary.kcprod.info/blog\/portfolio-line-of-credit-25k\/","title":{"rendered":"Our Portfolio Line of Credit Is Fast, Easy \u2014 And Now Available To More Wealthfront Clients"},"content":{"rendered":"

Note: As of June 12, 2024, the interest rate for Wealthfront\u2019s Portfolio Line of Credit is 6.41%. This rate is available to all clients with a Portfolio Line of Credit, regardless of account size.<\/span><\/i><\/p>\n

Today, our Portfolio Line of Credit<\/a>, which gives clients fast and easy access to cash for up to 30% of the value of their taxable investment account, is now available to all Wealthfront clients with a taxable account of $25,000 or more. Clients have flooded us with positive feedback about this feature, which until now, has only been available to those who have invested $100,000 or more. So we did what we always do when you tell us you like something: We found a way to make it available to even more people.<\/p>\n

So how does this work? Here\u2019s the rundown.<\/h2>\n

Our Portfolio Line of Credit is designed to be effortless. There\u2019s no application, no credit check, no obnoxious paperwork. A few clicks and you\u2019re done. You\u2019ve spent longer looking up your bank\u2019s routing number. And once the ball is rolling, your money gets to you quickly, usually in 1-3 business days.<\/p>\n

And the interest rate? Folks, it\u2019s good. Because your line of credit is secured by your investments, we\u2019re able to keep the interest rate nice and low (currently 4.75% \u2013 6.00% depending on account size, as of the publication date of this article).<\/span> Compare that to credit cards and home equity lines of credit, which require a merciless amount of paperwork, take weeks (aka, forever) to get your money, and carry higher interest rates.<\/p>\n

\"\"<\/p>\n

1<\/span>Current Portfolio Line of Credit rates depend on account size. Source for HELOC & Credit Card APR: Bankrate.com, May 20, 2019 | *In some select cases the interest paid on a HELOC may be tax-deductible<\/span><\/em><\/h5>\n

A line of credit that keeps your money hard at work.<\/h2>\n

By accessing your Wealthfront Portfolio Line of Credit, you don\u2019t disrupt your investments when you need cash for a near-term expense. Not only does this keep your investments working for your future while you handle your present, but you also avoid the tax hit associated with selling investments. Think of it as a fast back-up plan with the fewest possible downsides.<\/p>\n

\"\"<\/p>\n

Don\u2019t let this year\u2019s tax bill derail your long-term investments.<\/h2>\n

We like to think there\u2019s no problem we can\u2019t solve, but alas, we can\u2019t stop tax season from coming. What we can<\/em> do is arm Wealthfront clients with products that make financial planning and maneuvering as painless as possible \u2014 and that includes enduring a tax season full of changes that might have you facing a more daunting tax bill than in years past. The Portfolio Line of Credit can quickly give you the liquidity you need to take on your taxes without your investments and goals taking the hit.<\/p>\n

Managing an unruly tax bill without knocking your financial plans off the rails is far from the only use for a Portfolio Line of Credit (and probably the least fun, to be honest). This is an effortless option when you need some quick cash to cover a bill (credit card, tuition, medical expenses) or to kick off a large purchase, like a new car or home renovation. Want to invest in your friend\u2019s new venture or get your own startup off the ground? Wealthfront\u2019s Portfolio Line of Credit is a fast and easy way to inject cash where you need it, no hoops to jump through \u2014 and you can pay it back on your own timeline.\u00a0The interest accrues until you\u2019re ready to pay back the loan, so you don\u2019t even need to make monthly payments.<\/p>\n

<\/p>\n

Making good things and then making them better.<\/h2>\n

Our target is to create an integrated, personalized money ecosystem that empowers you to see the full scope of your financial life and gives you the agility you need to reach your goals at the right time \u2014 without having to open a dozen apps and log in to multiple sites. And tailored financial advice along the way will make sure you\u2019re optimizing every opportunity, according to the priorities you<\/em> set.<\/p>\n

Since we first launched the Wealthfront Portfolio Line of Credit, you\u2019ve told us how much this product hits the mark. While banks keep you anchored to slow-moving processes and rigid products they know<\/em> leave you frustrated and underserved, Wealthfront is obsessed with innovating and giving you what you actually want \u2014 even when it comes to products we already have. (Spoiler: It\u2019s only going to get better.)<\/p>\n","protected":false},"excerpt":{"rendered":"

Today, our Portfolio Line of Credit, which gives clients fast access to cash for up to 30% of the value of their taxable investment account, is available to all Wealthfront clients with a taxable account of $25,000 or more. It’s an effortless option when you need some quick cash to cover a tax or credit card bill or to kick off a large purchase, like a new car or home renovation.<\/p>\n","protected":false},"author":129,"featured_media":10112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1360],"tags":[2153,2205,2376],"coauthors":[82],"class_list":["post-10110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-news","tag-cash","tag-portfolio-line-of-credit","tag-wealthfront-news"],"acf":[],"yoast_head":"\nOur Portfolio Line of Credit Minimum Is Now $25K | Wealthfront<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/canary.kcprod.info/blog\/portfolio-line-of-credit-25k\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our Portfolio Line of Credit Minimum Is Now $25K | Wealthfront\" \/>\n<meta property=\"og:description\" content=\"Today, our Portfolio Line of Credit, which gives clients fast access to cash for up to 30% of the value of their taxable investment account, is available to all Wealthfront clients with a taxable account of $25,000 or more. 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