Savings FAQs

What is B2 and how does it relate to M1?

B2 Bank National Association (B2), Member FDIC, formerly known as The First National Bank of Buhl, is a nationally chartered bank purchased by our CEO in the fall of 2021.  The M1 High-Yield Savings Account will be the first deposit product held by B2, which marks a major step in building a digital private bank that’s accessible to all M1 clients.  

Learn more from Brian’s recent blog post here.


How can I get updates about the M1 High-Yield Savings Account?

You can sign up for updates here by entering the email tied to your M1 account. By the way, you don’t need an M1 account to sign up for updates.


Will I have to open a new account if I sign up for updates? 

Signing up for updates only indicates interest in our new High-Yield Savings Account.  You aren’t required to sign up for anything by receiving updates.   

We'll reach out as we get closer to launch.  If you’re still interested in an M1 High-Yield Savings Account, you’ll be among the first to know when you can apply for the new account. 


When will this be available?  

The M1 High-Yield Savings Account 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. 


Is 4.50% APY*definitely the rate I’ll get when you launch?

There are additional factors in play (such as the Federal Funds Rate) that could impact the exact rate at launch. This rate is subject to change prior to product launch.


Do I have to have M1 Plus to earn this APY? 

Yes, the 4.50% APY* is for M1 Plus members only!  Click here to learn more about Plus and how to subscribe.  

Users without a Plus membership are welcome to sign up for updates and apply for a Savings account once it’s launched.  


I have a Spend Checking account – what's happening to it?

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

M1 Spend is a wholly-owned operating subsidiary of M1 Holdings Inc. M1 is not a bank. M1 Checking Accounts furnished by Lincoln Savings Bank, Member FDIC.


What features will the M1 High-Yield Savings Account have?

We’ll be sharing more about this new account soon and signing up for updates is your best bet to get that information as soon as it’s available!

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.

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