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: 4.75% 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
The Bancorp Bank2
Barclays Bank Delaware1
Cross River Bank
HSBC Bank USA, N.A.1
State Street Bank and Trust Company1
Wells Fargo Bank, N.A.1
Citibank, N.A.1
First Internet Bank of Indiana 1
Bell Bank (Fargo, North Dakota) 1
Webster Bank, N.A.1
First Merchant Bank1
Truist Bank1
Morgan Stanley Bank, N.A.1
Morgan Stanley Private Bank, National Association1

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.

Get started