Cash Reserve
Cash Reserve is our no-fee, 100% cash portfolio, which protects 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: 1.10% APY (variable)*, FDIC-insured up to $1 million at our program banks ($2 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 |
|---|---|
|
The Bancorp Bank2
Program bank
|
|
|
Barclays Bank Delaware1
Program bank
|
|
|
Cross River Bank
Program bank
|
|
|
HSBC Bank USA, N.A.1
Program bank
|
|
|
State Street Bank and Trust Company1
Program bank
|
|
|
Wells Fargo Bank, N.A.1
Program bank
|
Cash Reserve is for cash you intend to purchase securities with and should not be viewed as a long-term investment option.
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