Current Clients Earn APY Boost Terms & Conditions

You must agree to the following terms and conditions in order to be eligible for this Promotion. These APY Boost Promotion Terms and Conditions are in addition to your existing M1 Brokerage Customer Account Agreement. 

Promotion Start Date: July 22, 2024 

Eligible current M1 clients (“Existing Clients”) who successfully open and fund an M1 Cash Account with M1 Finance LLC (a “Cash Account”) can receive a one-time 0.50% APY increase over the then-applicable standard APY¹ (a “APY Promotional Boost”) on the balance in their Cash Account (on up to a maximum balance of $200,000 per Cash Account (the “Maximum Balance”)) for up to three (3) months, if all applicable requirements are satisfied (the “Promotion”). In order to be eligible for the APY Promotional Boost, an Existing Client must receive an invitation directly from M1 to participate in the promotion and explicitly opt in to the promotion as instructed in the invitation (e.g., such as responding in writing to the invitation or clicking on the unique hyperlink/button in the invitation) and meet all other requirements, as further described below.  

To earn an APY Promotional Boost, an Existing Client must (1) directly receive an invitation from M1 to participate in this Promotion ; (2)  explicitly opt in to this Promotion as instructed in the invitation (e.g., such as responding in writing to the invitation or clicking on the unique hyperlink/button in the invitation (the “Promotion Opt-In Date”)); (3) after opting in, successfully open a Cash Account; and (4) successfully fund their Cash Account via an external bank account (no minimum funding amount required). An eligible Existing Client who meets these criteria will successfully earn an APY Promotional Boost in addition to the then-standard APY, and will begin receiving the APY promotional increase (e.g., 0.50%) on their Cash Account balance (up to the Maximum Balance). Interest will begin accruing within 24 hours following the first day on which you hold a funded Cash Account. The Existing Client will continue to receive the APY Promotional Boost for three (3) months from their Promotion Opt-In Date (the “Boost Reward Period”). Failure to open opt-in to this Promotion via the instructions within your unique invitation will disqualify you from this Promotion. The APY Promotional Boost applies to all new Cash Accounts within your M1 account (up to 4 individual, and 1 joint² Cash Account) up to the Maximum Balance per account. However, the APY Promotional Boost is only available during the Boost Reward Period, regardless of when you may open any Cash Account(s). In addition to the then-standard APY, the APY Promotional Boost will accrue daily on funds within the applicable Cash Account, and any interest earned will be paid into the applicable Cash Account on or around the end of each eligible calendar month. Interest accrued as a result of the APY Promotional Boost may not be separately identified within the applicable Cash Account, and payment of such accrued interest may occur in a single transaction. In the event any of your Cash Accounts maintain funds that exceed the Maximum Balance, any such excess funds will only earn the then-applicable standard APY rate without the APY Promotional Boost. 

The APY Promotional Boost during this Promotion cannot be paused or extended for any reason whatsoever. If, during your Boost Reward Period, you close your Cash Account at any time, or transfer all funds out of your Cash Account, you will forfeit the remainder of your APY Promotional Boost on such closure or transfer date. During your Boost Reward Period, the total amount you can earn through the Promotion will vary based on any changes to the total balance in your Cash Account and/or any changes to either the standard APY or APY Promotional Boost rates (or both) for Cash Accounts. M1 may, in its sole discretion, change the APY standard and/or the APY Promotional Boost rates at any time, during the Promotion or otherwise, without notice to you.  

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 Joint Cash Accounts are eligible for this Promotion only if the previously mentioned criteria is successfully met. In addition, a joint Cash Account must have at least one (1) Existing Client eligible under this Promotion, but any joint Cash Account is permitted only to have a single APY Promotional Boost applied at any time. Any Existing Client may earn the APY Promotional Boost one (1) time on both their joint and individual Cash Accounts, respectively. Conversely, an Existing Client that is earning the APY Promotional Boost on a joint Cash Account with another Existing Client will not be eligible to earn the APY Promotional Boost on any of their individual accounts (existing or otherwise).  

M1 reserves the right to modify or terminate this Promotion at any time without notice. M1 has no obligation to open a Cash Account for any particular person, regardless of that person’s participation in any promotional program, and may accept or reject an application in its sole discretion. All eligibility decisions shall be made by M1 in its sole discretion. Without limiting the foregoing, M1 shall have sole discretion to determine whether to disqualify any person from receiving an APY Promotional Boost or otherwise participating in the Promotion for any reason, including but not limited to if M1 determines, in its sole discretion, that fraudulent activity or a violation of the terms of the Promotion may have occurred. In the event M1 disqualifies an APY Promotional Boost after interest has begun to accrue, M1 reserves the right to recapture the amount of interest attributable to the APY Promotional Boost to the maximum extent permitted by law (e.g., recapturing paid interest from any M1 account). Employees of M1 and its affiliates are not eligible to receive an APY Promotional Boost. Cash Accounts that qualify for an APY Promotional Boost are not eligible for any other APY Promotional Boost promotions offered by M1 or its affiliates, except for any referral promotions that may be available. All federal, state, and local taxes and any related fees and expenses are the sole responsibility of the Existing Client.