Cash Reserve

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: 5.00% APY (variable)*, FDIC-insured up to $2 million at our program banks ($4 million for joint accounts), and fast access to your money.

In aggregate, funds deposited into Cash Reserve are eligible for FDIC insurance once the funds reach one or more Program Banks (up to $250,000 of coverage for each insurable capacity—e.g., individual or joint—at up to eight Program Banks). If clients elect to exclude one or more Program Banks from receiving deposits the amount of FDIC insurance available through Cash Reserve may be lower.

Who it's for
Anyone depositing money to be spent soon
Holdings Program Banks in Cash Reserve
The Bancorp Bank2 0%
Barclays Bank Delaware1 0%
Cross River Bank 0%
HSBC Bank USA, N.A.1 0%
State Street Bank and Trust Company1 0%
Wells Fargo Bank, N.A.1 0%
Citibank, N.A.1 0%
First Internet Bank of Indiana 1 0%
Bell Bank (Fargo, North Dakota) 1 0%
Webster Bank, N.A.1 0%
First Merchant Bank1 0%
Truist Bank1 0%
CIBC Bank USA1 0%
NexBank1 0%
Morgan Stanley Bank, N.A.1 0%
Morgan Stanley Private Bank, National Association1 0%

Additional Resources

Cash 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 January 12, 2024.

The secure home for your cash.

  • Interest.

    Earn interest on your cash with a variable annual percent yield (APY).

  • FDIC insured.

    Your money is FDIC-insured up to $2 million with our program banks ($4 million for joint accounts).

  • Easy money movement.

    No limits or fees on how often you can move money. You can usually withdraw in just 1–2 business days.

Be invested.

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