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

3 points by a1pulley 3 years ago | 2 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.

theandrewbailey 3 years ago |

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

a1pulley 3 years 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.