M1 High Yield Cash Accounts currently offer a 3.35% APY* on cash deposits, with FDIC** coverage up to $4.75 million through a network of participating banks.
Please Note: M1 is currently offering a promotion for any M1 customer who has never opened a Cash Account or M1 High Yield Savings Account. Please review the Terms and Conditions to confirm eligibility. Below you’ll find the details of this promotion:
12-Month Earn APY Boost Promotional Terms and Conditions
Promotion Dates: September 17th, 2026- December 31st, 2026
Reward: Additional 1.15% APY to the then-standard M1 APY on Cash Account balance
Eligibility: Any M1 customer who has never opened a M1 High-Yield Cash Account or M1 High-Yield Savings Account.
Funding: At least $10,000 from an external bank account, funded within 30 days of Cash Account opening
M1 is not a bank. M1 Spend is a wholly-owned operating subsidiary of M1 Holdings Inc. M1 High-Yield Savings Accounts are furnished by B2 Bank, NA, Member FDIC.
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.
Advisory products and services are offered by M1 Advisory Services, LLC, an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Advisory services are distinct from the brokerage products and services offered by M1 Finance LLC. Clients receiving advisory services must also maintain brokerage accounts with M1 Finance LLC, which is a separate legal entity and a Member FINRA/SIPC. For important information about M1 Advisory Services, LLC, including fees, services, and conflicts of interest, please review our Form ADV Part 2A and Form CRS
This content was generated using artificial intelligence and is intended for informational and educational purposes only. While reasonable efforts are made to ensure accuracy, AI-generated outputs may omit key context; and should not be construed as financial, investment, legal, or tax advice. Users should independently verify all information and consult a qualified professional before making any financial decisions.
*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.
**The cash balance in your Cash Account is eligible for FDIC insurance when it is swept to our partner banks and out of your brokerage account. Unless the cash balance is swept to partner banks, 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.
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