M1 HIGH-YIELD CASH ACCOUNT

Rev up your idle cash with 4.25% APY1

One of the best high-yield cash accounts out there. Put your money in position to rack up interest—and elegantly integrate with your investing goals.

Open a High-Yield Cash Account

This is hypothetical and for illustrative purposes only. This is based on the accrued interest of idle cash in the High-Yield Cash Account. 

See how much your cash can grow

What is an M1 High-Yield Cash Account? 

A High-Yield Cash Account is a place for a dedicated cash reserve, powered by your M1 brokerage account. And when you’re ready to invest, you can do it seamlessly. Set your own rules, move money with ease, and never worry about hidden fees. 

Instant transfer in M1
Move money from your Cash Account to invest in seconds. 

Unlimited number of withdrawals 
It’s your money—take out money as often as you need.

$3.75 million2 insured  
Secure with FDIC coverage.

Streamline your money moves

Now your cash can move fluidly between earning and investing. Use customizable automation and Smart Transfers to set your own rules.

SMART TRANSFERS

Owner’s Rewards Card to High-Yield Cash Account

Earning cash back with purchases on your Owner’s Rewards Card? Set the payout destination to your High-Yield Cash Account so your rewards can earn interest, too.

SMART TRANSFERS

High-Yield Cash Account to Invest Account

Want to stash away $50K and invest the rest? No need to wait around watch your balance. Set up a rule that automatically sends excess money in your High-Yield Cash Account to your investment portfolio.

SMART TRANSFERS

High-Yield Cash to Owner’s Rewards Card

Never miss a payment with automatic payments from your High-Yield Cash Account to your credit card balance.

SMART TRANSFERS

Invest to High-Yield Cash Account

Want to earn more from your investing dividends? Set a maximum cash balance for your investment account and automatically transfer it into your High-Yield Cash Account, where it can earn 4.25% APY1.

Streamline your money moves

Now your cash can move fluidly between earning and investing. Use customizable automation and Smart Transfers to set your own rules.

Overbalance Rule: High-Yield Cash Account → Invest

Want to stash away $50K and invest the rest? No need to wait around and watch your balance. Set up a rule that automatically sends excess money in your High-Yield Cash Account to your investment portfolio.

Overbalance Rule: Invest → High-Yield Cash Account

Want to earn more from your investing dividends? Set a maximum cash balance for your investment account and automatically transfer it into your High-Yield Cash Account, where it can earn 4.25% APY1. 

Owners Rewards Card → High-Yield Cash

Earning cash back with purchases on your Owner’s Rewards Card? Set the payout destination to your High-Yield Cash Account so your rewards can earn interest, too.

High-Yield Cash → Owner’s Rewards Card

Never miss a payment with automatic payments from your High-Yield Cash Account to your credit card balance.

 Learn more about Smart Transfers →

Earn together with a Joint Account

Earn 4.25% APY1 on your combined contributions.

Open a Joint Account
Earn together with a Joint Account

Make your move in minutes 

Open an M1 High-Yield Cash Account

This account requires an M1 Brokerage Account. If you don’t have one yet, we’ll help you open one.

Connect your bank —

it should take about two minutes.

Move money into your High-Yield Cash Account

and start racking up interest.

More about High-Yield
Cash Accounts

Go to the Help Center

There is no limit to the number of transfers to and from your Cash Account. However, you can only transfer a certain dollar amount per day. All clients with a High-Yield Cash Account have a daily ACH transfer limit of $50,000.

The High-Yield Cash Account requires an M1 Taxable Brokerage Account. Open a Cash Account (and brokerage account if you don’t have one already).

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal amount in your account each day. Interest is paid out monthly on the last day of the month.

M1 High-Yield Cash Accounts are powered by your Individual Brokerage Account, while M1 High-Yield Savings Accounts are managed by our partner bank. A High-Yield Cash Account requires a taxable brokerage account in M1. Learn more here.


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.


¹ 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.

2 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 here.