M1 HIGH-YIELD CASH ACCOUNT
Rev up your idle cash with 4.50% 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.
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.
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.
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.
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.
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 4.50% 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.
Earn together with a Joint Account
Earn 4.50% APY1 on your combined contributions.
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
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.