A cutting-edge cash reserve
No minimum balance
The more you deposit, the more you earn.
Custom automation rules
Personalized automation rules for smarter money management.
Unlimited number of withdrawals
Unlimited withdrawals gives you control and quick access to funds.
Joint account access
Sharing goals with a loved one? Joint accounts are available.
Automate Your Wealth Strategy
Physicians nationwide are discovering M1. Why? Our proprietary tech automates your financial strategy, adapting as your career evolves from residency to retirement. Focus on your patients and personal life while M1 optimizes your finances. See how it works (in less time than a patient consult).
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.
Kick off a 3-month
sprint for your cash
Ready to get started?
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.
