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.   

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M1 Plus members
get more across the platform

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3.30% APY1 Checking and 1% cash back2

on Visa® debit card purchases

Flexible trading

Our lowest margin lending rates

Smart Transfers

Your High-Yield Savings Account
questions, answered

We’ll be sharing more about our new accounts soon. Signing up for updates is the best way to get that information as soon as it’s available. 

Yes, the 4.50% APY will be available for M1 Plus members only. Learn more about M1 Plus and how to become a member.

M1 High-Yield Savings Accounts will be available in early 2023. Our team is hard at work developing this product, and we can’t wait for you to see it.

Nothing’s changing with your M1 Checking Account. Just a heads up: The 4.50% APY that we’re announcing today is for our new M1 High-Yield Savings Account, which will be a separate product from the M1 Checking Account. Both products allow you to maximize your money with M1. Learn more about M1 Checking and its competitive APY here

Signing up for updates only indicates interest in our new M1 High-Yield Savings Account. You aren’t required to sign up for a new account by entering your email for updates.  

We’ll reach out as we get closer to launch. You’ll be among the first to know when you can apply for the new account.  

Unified financial tools to help you build wealth


Invest pie showing an account balance of 87,113 dollars and 42 cents

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 , automated, and deeply customizable investing. 

More about Invest →


Borrow Screen Widget Tile

Access a flexible line of credit with a few taps at just 8.00% interest. 6.50% with M1 Plus.3

More about Margin Loans →


M1 Debit Card

Digital checking built for long-term growth.4 Get 3.30% APY1 with M1 Plus.

More about Checking →


M1 Owner's Rewards Card

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

More about Credit →

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Best for sophisticated investors 
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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 0.05% APY as of December, 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). APR ranges from 19.24% – 29.24% 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 January 2, 2023. 

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