M1 Finance review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Our verdict
M1 Finance pays 3.35% on a variable rate through a cash-management account that suits US savers who want their money earning interest without a fixed term. Withdrawals are on demand and support runs through a help centre and phone, so it works for people who park cash between investments.
Key facts
- Best for
- Parking US cash between investments while it earns interest.
- Headline rate
- 3.35%↗
- Rate type
- Variable↗
- Minimum deposit
- $100↗
- Deposit protection
- FDIC up to USD 250,000↗
- Access terms
- On-demand access; daily ACH transfer limit $120,000, wire transfer for more; interest compounded and credited monthly↗
- Account kind
- Cash management↗
- Legal entity
- M1 FINANCE LLC↗
- Headquarters
- United States↗
- Founded
- 2015↗
- Support channels
- Help-centre, Phone↗
- Official website
- m1.com
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- Interest compounds and is credited monthly, with on-demand access, so cash earns without a fixed term.
- The $100 minimum deposit keeps the entry point small.
- Balances are covered by FDIC up to USD 250,000.
- Support runs on help centre and phone.
Cons
- The rate is variable, so the 3.35% on offer is not guaranteed for a term.
- On headline rate it ranks 210 of 473 listed brands, so it is not the top of the table.
- Cash-management accounts in this group have a median headline rate of 3.41%, a little above 3.35%.
Who it suits
- US investors who park spare cash in a brokerage account and want it earning 3.35% between trades.
- People who need same-day access, since transfers are on demand and interest is credited monthly.
- Savers who can meet the $100 minimum deposit and are comfortable with a variable rate.
Who should look elsewhere
- Anyone who needs a rate locked for a set period, since this account pays a variable rate; AXI Card lists 21.59% and Plazo ES lists 24.19%.
- Readers who want the strongest cash-management rate, since the median for that group is 3.41% against 3.35% here.
- Savers outside the US, since transfers run on US ACH with a daily limit; PayPal Colombia, at 3.3%, is another listing at a similar rate level.
How M1 Finance compares
8.5 vs 8.6
8.5 vs 9.5
8.5 vs 8.0
8.5 vs 8.9
8.5 vs 8.9
8.5 vs 9.1
8.5 vs 9.1
8.5 vs 8.9
8.5 vs 8.7- 8.5 vs 8.0
8.5 vs 9.0
8.5 vs 8.1
8.5 vs 8.7
8.5 vs 8.0
8.5 vs 9.5
8.5 vs 9.4
8.5 vs 9.3
8.5 vs 9.2
8.5 vs 9.0
8.5 vs 8.7
8.5 vs 8.5
8.5 vs 8.5
8.5 vs 8.5
8.5 vs 8.4
8.5 vs 8.3
8.5 vs 9.0
Where M1 Finance is available
- Available
- United States
- Licence in United States
- FINRA, checked September 26, 2026
- Licence in United States
- SIPC (SIPC member 69670), checked September 26, 2026
- Licence in United States
- SEC, checked September 26, 2026
- Licence in United States
- FDIC, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does M1 Finance pay?+
M1 Finance lists a headline rate of 3.35% on its cash account. The rate is variable, which means it can move with market rates rather than staying fixed for a set period. Interest is compounded and credited monthly, and access to the balance stays on demand throughout.
How much do I need to open the account?+
The minimum deposit is $100, set in US dollars, and the company is based in the US. That is a small opening amount next to the 370 brands ranked on minimum deposit, where M1 Finance sits at 296. You can top up as the balance grows.
Is my money protected?+
Deposits sit under FDIC up to USD 250,000, so the balance is covered up to that limit per depositor at a US bank. The account is also listed as SIPC member 69670 and the legal entity is M1 FINANCE LLC, US registrations that come with their own reporting rules.
How do I move money in and out?+
Transfers in and out run on demand, with a daily ACH transfer limit and wire transfers for larger amounts. Interest keeps compounding and is credited monthly rather than paid daily. Support runs on help centre and phone, so you can pick up the phone or use the help centre if a transfer stalls.
What kind of account is it?+
It is a cash management account rather than a savings account with a fixed term, which is why cash can be withdrawn on demand. Cash-management is a small corner of the site, with 45 such listings against 1,441 savings accounts, and their median headline rate is 3.41%.
Is it regulated in the US?+
The licences on record for M1 Finance name US regulators including FINRA, SIPC, SEC and FDIC, and the brand is registered as SIPC member 69670. It was founded in 2015 and is based in the US, with M1 FINANCE LLC as the legal entity.
Can I use it from outside the US?+
M1 Finance is based in the US and built around US ACH transfers, with a daily ACH limit. Across cash-management listings, US ACH details appear on 58.3% and IBAN on 50%, so overseas savers should check their local rail before opening.
Who does this account suit?+
It suits US investors who keep a brokerage account and want spare cash earning 3.35% between trades, especially those comfortable with a variable rate. Business customers make up a large share of the site's audience at 56.5%, and cash-management listings lean the same way.
Sources
- sipc.org/list-of-members checked September 26, 2026
Backs: Legal entity, Licences
“reportingFileNumber=69670; name=M1 FINANCE LLC”
- brokercheck.finra.org checked September 26, 2026
Backs: Deposit protection
- help.m1.com/hc/en-us/articles/23501704237203-High-Yield-C... checked September 26, 2026
Backs: Access terms, Rate type
“There are no limits on the number of transfers. The daily ACH transfer limit is $120,000”
- m1.com checked September 26, 2026
Backs: Founded, Headquarters
“Founded in 2015”
- m1.com/contact-us checked September 26, 2026
Backs: Support channels
“Schedule a call with a member of our Client Success Team”
- m1.com/earn/high-yield-cash-accounts checked September 26, 2026
Backs: Account kind, Headline rate, Minimum deposit
“A High-Yield Cash Account is a cash reserve powered by your M1 brokerage account”
Compiled from 9 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term.