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‍further with our wealth
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This is no sorcery. It’s just us doing what many traditional banks choose not to do — that is, pay our clients more of the money their money earns. We make money on the modest spread between what our partner banks (where we deposit your savings) pay us and what we pay to our clients. By sourcing the best rates we can from multiple partner banks and reducing our own overhead (no fancy brick-and-mortar branches or corporate private jets), we’re able to pass on one of the best rates in the industry. It even helps us back your savings with an amazingly high $8 million in FDIC insurance.Since our partner banks’ rates are tightly aligned with the variable national rates set by the Federal Reserve, our APY varies too. Whether that rate goes up — like it did seven times in 2022 — or down, we have a proven track record of passing along a large portion of it since the Cash Account’s inception in 2019.Get started

It’s not the only feature you should consider when shopping for a new account, but a high APY is the most important one in determining how much money you can earn on your balance.The Annual Percentage Yield tells you what the money in your account earns on an annual basis, but you’ll actually earn a bit more with the effects of compounding. For example: a $10,000 balance — compounding at 4.00% APY — would become $14,802 in 10 years.Of course, you should also consider things in the fine print. Watch out for sneaky fees, direct deposit requirements, and any restricted access to your money. Our fine print will tell you that we don’t charge account fees or overdraft fees, transfers in and out are fast and unlimited, and there’s no minimum balance to qualify for our mighty fine APY.Get started

Cash Account: for immediate use, great for your emergency fund, earns 5.00% APY through our partner banks, withdraws in 1–3 business days (or immediately via debit card).
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‍Automated Bond Portfolio: ideal for 1–3 years, great for large planned expenses like a home down payment, 6.20% blended 30-day SEC yield, after our advisory fee, withdraws in 3–4 business days with no penalties.You’ll probably want to know more about that “blended 30-day SEC yield” part, which is a term we created based on an industry standard that shows an annualized snapshot of the account’s last 30 days of yield, minus all ETF expenses and our 0.25% advisory fee.

It feels good to have quick access to your money, but holding too much cash can be a bad thing. On the other hand, not having enough for the short term can be worse. Fortunately, there’s some easy logic to consider how much cash is right for you.1. Keep enough cash on hand for your monthly expenses, a rainy-day fund (around 6 months’ worth), and other known soon-to-be’s (a down payment, a tax bill, etc.). This money should be earning as much as it can in a high-yield account without account fees, and easy to transfer at a moment’s notice.
Not to brag, but our Cash Account does all of this and more.2. Invest any excess cash in a diversified portfolio — like our Automated Investing Account, for example — to put your money to work over time.3. Let future you say thanks to past you

You have a point. But the answer is time. If you’re investing for the long term — 3 to 5 years or more — then time in the market means more time for potentially bigger gains. If history has taught us anything, it’s that the future tends to be brighter than the past. This is especially true when you’re talking about the markets. Which, to be clear, we are.

We’ve got a Google doc full of smart-sounding quotes from Nobel laureate economists if that’s your thing, but the bottom line on diversifying is that it helps you maximize your expected returns without taking on unnecessary or unwanted risk. And the bottom line on automating is that it helps you stay diversified.By automating your trades to spread your money out across many asset classes — versus attempting to time the market or pick individual “winners” — you remove your own potential for human error and instead make a bigger bet on the broader market to grow over time.Now for the hard sell: in our expert-built Automated Investing portfolios, you get the diversification of up to 17 global asset classes with software that rebalances for you (automatically) and can look for ways to reduce your tax burden (automatically). To go even more hands-off, turn on recurring deposits, which make it easier to stay invested for the long haul.

You’re in luck, human. We do offer a robot-free version of investing — one that lets you buy fractional shares of stocks and funds with $0 in commission fees by tapping on your phone. You know, the old-fashioned way.Our Stock Investing Account is the perfect human-driven vehicle for that portion of your money you like to handle on your own. We still couldn’t help ourselves in saving you time by giving you built-in data, adding safety measures like personalized risk recommendations, and broadening your exposure to new stocks with 45+ pre-made collections.