Put your money in position to rack up interest – and elegantly integrate with your investing goals; you can earn 4.25% APY on your on your uninvested cash with the M1 High-Yield Cash Account.

Update 11/22/24: Sign up today to earn 4.25% APY on your balance with a High-Yield Cash Account.

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M1 High-Yield Cash Account

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What you’ll get: 4.25% APY
Account Type: M1 High-Yield Cash Account
Minimum Deposit: $0
Availability: Nationwide
Monthly Fee:
- $3/month fee waived for users who have either $10,000+ on the platform and/or an active personal loan
- There is a 90 day grace period from the time the user creates a log in.

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(Secure with FDIC coverage)

M1 is not a bank and M1 High-Yield Cash Accounts are not a checking or savings account. M1 High-Yield Cash Account(s) is an investment product offered by M1 Finance, LLC, an SEC registered broker-dealer, Member FINRA / SIPC. The purpose of this account is to invest in securities, and an open M1 Investment account is required to participate in the M1 High-Yield Cash Account. All investing involves risk, including the risk of losing the money you invest.

M1 High-Yield Cash Account Features

4.25% APY: Earn high yields on your uninvested cash.
FDIC-insured up to $3.75 million.
Unlimited transfers and withdrawals: Access your money when you need it.
Multiple accounts: Open up to 5 accounts (4 individual, 1 joint) to organize your financial goals.
Joint accounts: Earn toward shared goals with a loved one.
Instant transfers: Move money instantly across your M1 accounts.
Set your own rules: Smart Transfers automatically move funds between accounts based on rules you set.
No minimum balance: Earn a solid APY, regardless of how much is in your account.

Fine Print

M1 High-Yield Cash Account(s) is an investment product offered by M1 Finance, LLC, an SEC registered broker-dealer, Member?FINRA?/?SIPC. M1 is not a bank and M1 High-Yield Cash Accounts are not a checking or savings account. The purpose of this account is to invest in securities, and an open M1 Investment account is required to participate in the M1 High-Yield Cash Account. All investing involves risk, including the risk of losing the money you invest.
Stated APY (annual percentage yield) with the M1 High-Yield Cash Account is accrued on account balance. Obtaining stated APY requires a minimum initial deposit of $100. APY is solely determined by M1 Finance LLC and its partner banks, and will include administrative and account fees that may reduce earnings. Rates are subject to change without notice. M1 High-Yield Cash Account is a separate offering from, and not linked to, the M1 High Yield Savings Accounts offered by M1 Spend LLC’s banking partner. M1 is not a bank.
The cash balance in your Cash Account is eligible for FDIC Insurance once it is swept to our partner banks and out of your brokerage account. Until the cash balance is swept to partner banks, the funds are held in a brokerage account and protected by SIPC insurance. Once funds are swept to a partner bank, they are no longer held in your brokerage account and are not protected by SIPC insurance. FDIC insurance is not provided until the funds participating in the sweep program leave your brokerage account and into the sweep program. FDIC insurance is applied at the customer profile level. Customers are responsible for monitoring their total assets at each of the sweep program banks. A complete list of participating program banks can be found at https://m1.com/legal/agreements/cash-deposit-network/participating-bank-list/.

Bottom Line

Regardless of your trading style, a handful of our investing accounts have cash idling – with the M1 High-Yield Cash Account, you’ll earn a competitive rate of return on your idle / uninvested cash.

The rate is on par with many of the top interest bearing accounts available today and M1 High-Yield Cash Account deposits are FDIC-insured up to an aggregate total of $3.75 million.

You will not have to worry about a monthly fee if you have $10,000+ on the platform and/or an active personal loan – you’ll also have a 90-day grace period from the time you create a log in. Great opportunity to give M1 a try to see if this platform is right for you!

For more options, check out our full list of M1 offers, best interest bearing accounts, and the latest bank promotions.