Important Update: New M1 High-Yield Savings Account Openings Paused
While we’re excited by the rapid growth of our new M1 High-Yield Savings Accounts, we’ve decided to pause the opening of new accounts.
Alternatives during the pause
While new High-Yield Savings Accounts are unavailable, you may want to consider this alternative within M1:
M1 High-Yield Cash Account (HYCA)
Enjoy a competitive interest rate, FDIC insurance, and seamless integration with your M1 Invest account.
Funds in your M1 High-Yield Cash Account are liquid and can be instantly moved to your investments or other M1 accounts.
Current M1 High-Yield Savings Account holders
If you already have an active M1 High-Yield Savings Account, this pause does not affect your account.
You can continue to deposit, withdraw, and use your account as normal.
All existing features, interest rates, and support remain unchanged.
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.
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.
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