Ask HN: Is there a service to programmatically allocate cash to savings accounts
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. Are you paid through direct deposit? You should be able to have it deposit a set amount into one or two extra accounts. 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.