Get an exclusive
Forbes Advisor
APY boost
For 3 months when you open a new M1 High-Yield Cash account.
Just for Forbes Advisor followers
You’re invited to join M1, the app for investors with a long-term vision. When you join from this page, you’ll get an extra 0.50% APY1 boost for your M1 High-Yield Cash Account. Plus, you get access to M1’s pioneering investing technology.
A cutting-edge cash reserve
No minimum balance
Custom automation rules
Unlimited number of withdrawals
Joint account access
Your money is protected
Member of SIPC. Securities in your account protected up to $500,000. For details, please see www.sipc.org.
All M1 High-Yield Cash Account deposits are FDIC-insured up to an aggregate total of $3.75 million.2
As a technology-first company, M1 utilizes the latest in information security to keep your private information secure.
Score your exclusive APY1 boost now
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 available from date of account opening and 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.
