Cash Reserve is our no-fee, 100% cash account, which shields your money from market volatility. Because the returns on this account are low, relative to potential market returns, we typically recommend it only for money you plan to spend within the next year. This account includes the following features: 4.50% APY (variable)*, FDIC-insured up to $2 million at our program banks ($4 million for joint accounts)†, and fast access to your money.
Who it's for
Anyone depositing money to be spent soon
|Holdings||Program Banks in Cash Reserve|
|State Street Bank and Trust Company1|
|HSBC Bank USA, N.A.1|
|Webster Bank, N.A.1|
|Barclays Bank Delaware1|
|First Merchant Bank1|
|Bell Bank (Fargo, North Dakota) 1|
|The Bancorp Bank2|
|Cross River Bank|
|First Internet Bank of Indiana 1|
|Wells Fargo Bank, N.A.1|
Additional ResourcesCash Reserve Terms and Conditions
Cash Reserve is for cash you intend to purchase securities with and should not be viewed as a long-term investment option. Program bank list last updated Mar. 23, 2023.