LAUNCHING in 2023
Maximize your money with high-yield savings from M1
We’re preparing a new, FDIC-insured, High-Yield Savings Account with no minimum deposit and an industry-leading APY, exclusively for M1 Plus members.
Your High-Yield Savings Account
questions, answered
Unified financial tools to help you build wealth
Invest
Commission-free Commission-free trading of stocks and ETFs refers to $0 commissions charged by M1 Finance LLC for self-directed brokerage accounts. Other fees may apply such as regulatory, M1 Plus membership, account closures, and ADR fees. For complete list of fees, visit m1.com/legal/disclosures/misc-fees , automated, and deeply customizable investing.
Borrow
Access a flexible line of credit with a few taps at just 7.25% interest. 5.75% with M1 Plus.3
Credit
You can earn and reinvest cash back with the Owner’s Rewards Card. Get standard rewards of 1.5%, or earn 1.5-10% with M1 Plus.5
Recognized and celebrated
Best for sophisticated investors
(Investopedia, 2022)
One of the best robo-advisors
(Money, 2021)
Best free trading platform
(Yahoo, 2021)
Best for investing and banking in one (The Ascent, 2021)
M1 Spend is a wholly-owned operating subsidiary of M1 Holdings Inc. M1 is not a bank. M1 Savings Accounts are furnished by B2 Bank, NA, Member FDIC.
* Obtaining stated APY (annual percentage yield) or opening an account does not require a minimum account balance. Stated APY is valid from date of account opening. Account fees may reduce earnings. Variable APY rate subject to paid M1 Plus subscription.
Stated APY (annual percentage yield) is subject to change prior to product launch due to changing federal funds rate.
1 No minimum balance to open account or to obtain APY (annual percentage yield). APY valid from account opening. Fees may reduce earnings. Rates may vary. National average is 0.04% APY as of September, 2022. Obtained from the FDIC.
2 Debit card purchases are when the card is swiped, or its 16-digit number is entered online. Any fund transfers, including via card transactions such as P2P or third party processors, are not eligible for cash back.
3 M1 Borrow available on margin accounts with a balance of at least $2,000. Not available for Retirement or Custodial Accounts. Rates may vary.
4 M1 is not a bank. M1 Spend checking accounts furnished by Lincoln Savings Bank, Member FDIC. M1 Visa® Debit Card is issued by Lincoln Savings Bank, Member FDIC.
5 1.5% – 10% Owner’s Rewards cash back earned on eligible purchases subject to a maximum of $200 cash back per calendar month. Cash back rates of 2.5% – 10% require an active M1 Plus subscription (billed at $125 annually). Standard Purchase APR ranges from 17.99% – 27.99% based on creditworthiness of the applicant. APR will vary with the market based on the Prime Rate. There is no Annual Fee for the Owner’s Rewards Card. Rates as of October 2, 2022.
6 Source: https://apps.apple.com/us/app/m1-finance/id1071915644
7 Source: https://play.google.com/store/apps/details?id=com.m1finance.android&hl=en_US&gl=US