If you’re looking for a new savings account available nationwide, Empower Cash Account is offering you 3.50% APY.
Update 9/19/25: The rate has decreased to 3.50% APY from 3.75%.
Empower Cash Account
Here is your opportunity to earn a competitive rate. Open a new account and start earning interest and get started today!
- Rate Offer: 3.50% APY Rate
- Availability: Nationwide
- Credit Inquiry: Unknown
- Credit Funding: Unknown
- Minimum Balance: None
- Maximum Balance: None
- Monthly Fee: None Listed
- Early Termination Fee: None Listed
(FDIC Insured)
| PROMOTION LINK | OFFER | OFFER |
| SoFi Checking and Savings Account | 3.30% APY + $325 Bonus | Review |
| Always.Bank Savings | 4.00% APY | Review |
| Valley Direct Online Savings | 4.00% APY | Review |
| Valley Bank High Yield Savings | 3.96% APY + $1200 Bonus | Review |
| Centier Bank High Yield Savings | 3.90% APY + $1200 Bonus | Review |
| American First Credit Union Money Market Deposit | 3.90% APY + $1200 Bonus | Review |
| Western Alliance Bank High-Yield Savings | 3.80% APY + $1200 Bonus | Review |
| Live Oak Bank Savings | 3.80% APY | Review |
| Quontic Bank High Yield Savings | 3.50% APY | Review |
| Robinhood Gold | 3.25% APY | Review |
| Betterment Cash Reserve | 3.25% APY | Review |
| Upgrade Premier Savings | 3.05% APY | Review |
Empower ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | 100K | ? | None |
| Pull | ? | ? | ? | None |
For large withdrawals, wire up to $1M with no fees
Editor’s Note: Help us with the table above in the comment section if you have experience with Empower’s ACH capabilities.
Account Rates
| Balance | APY |
| $0.01+ | 3.50% APY |
Empower Cash Account Benefits
- Aggregate FDIC insurance up to $2 million
- Need help? Get answers from real people
- No fees
- Simplify your family finances with a joint account.
- Set up direct deposit for your paychecks.
- Link to your checking for monthly bills.
- Unlimited number of monthly transfers.
- Withdraw up to $100K per day.
- No minimum balance.
 |
 |
 |
Author’s Verdict
Overall, Empower is offering you a great rate on your funds when you open a Cash Account. Because you can earn a high rate on any balance, the Cash Account is totally worth trying out.
If you happen to know whether this account incurs a hard/soft pull, please let us know. Let us know about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more bank rates!
In addition to the current rate from Empower, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
Leave a Reply