Available nationwide, M1 is offers 5.00% APY on your funds by when you fund a High Yield Savings Account.
About M1 Finance
Founded in 2015, M1 Finance is an online financial services company with headquarters in Chicago, IL. The company is registered with the Securities and Exchange Commission as a broker dealer and is a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation.
M1 Finance offers a unique combination of automated investing with a high level of customization. This structure allows for clients clients to create a portfolio tailored to their exact specifications. It is important to note that M1 Finance is not an advisory service. The firm has grown to have more than $2 billion in assets under management and over 500,000 clients.
M1 High Yield Savings Account
Here is your opportunity to earn a competitive rate on your funds. Open an account with any balance to start earning interest today!
- Account Type: High Yield Savings Account
- Rate Offer: 5.00% APY Rate
- Availability: Nationwide, Online
- Minimum Balance: None
- Maximum Balance: None
- Credit Inquiry: Hard Pull or Soft Pull? Let us know.
- Credit Funding: Unknown
- Monthly Fee: None
- Early Termination Fee: None listed
(FDIC Insured)
M1 Bank ACH Capabilities & Limits
ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
Push | ? | ? | ? | ? |
Pull | ? | ? | ? | ? |
Editor’s Note: Help us with the table above in the comment section if you have experience with M1’s ACH capabilities.
Account Rates
Balance Requirement | APY Rate |
$0.01+ | 5.00% |
M1 Savings Account Benefits
- FDIC-insured. Accounts are FDIC-insured up to $5 million.
- Save automatically. Contribute on a schedule so you’re always pushing toward long-term goals.
- Integrates with M1. It’s easier to see the big picture of your finances with more of your money in the same place.
Author’s Verdict
If you’re looking for a savings account with a great return rate, consider M1! If you know of any account similar to this or better, please let us know by commenting below!
In addition to the current rate from M1, 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.
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!
Keep up to date with our list of the latest M1 bonuses & promotions.
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