#M1 savings account plus

M1 is a technology company offering a range of financial products and services. Sources believed to be reliable, including clients and third parties, but cannot guarantee the Privacy Policy and acknowledge receipt of allĭisclosure Library. Margin Loan rates subject to change.īy using this website, you accept our Terms of Use and Not available for all account types including M1 Traditional IRA, M1 Roth IRA, M1 SEP IRA, M1 Custodial, and some M1 Trust Accounts. M1 Margin Loan available on margin accounts with at least $2,000 invested. Borrowing on margin can add to these risks, and you should review the M1 Margin Loan account risk disclosures before borrowing. “M1” refers to M1 Holdings Inc., and its affiliates.Īll investing involves risk, including the risk of losing the money you invest.

#M1 savings account plus

M1 Plus is an annual membership that confers benefits for products and services offered by M1 Finance LLC and M1 Checking LLC, each a separate, affiliated, and wholly-owned operating subsidiary of M1 Holdings Inc. If you have further questions, please contact us. The M1 Margin Loan rate is based on short-term interest rates and is subject to change if and when the Federal Reserve changes its target for the federal funds rate. View source version on businesswire.You can take an M1 Margin Loan of up to 40% of your portfolio value at 8.75% interest rate, or 7.25% if you are an M1 Plus member*. M1 Plus is an annual membership that confers benefits for products and services offered by M1 Finance LLC, M1 Spend LLC and M1 Digital LLC, each a separate, affiliated, and wholly-owned operating subsidiary of M1 Holdings Inc. M1 Savings Accounts are furnished by B2 Bank, NA, Member FDIC. M1 Spend is a wholly-owned operating subsidiary of M1 Holdings Inc. Stated APY (annual percentage yield) is subject to change prior to product launch due to changing federal funds rate.ĢThis offering, in partnership with B2 Bank National Association, Member FDIC, is available only through the M1 app. Variable APY rate subject to paid M1 Plus subscription. Stated APY is valid from date of account opening. Learn more at 1Obtaining stated APY (annual percentage yield) or opening an account does not require a minimum account balance. This announcement follows the launch of M1 Crypto earlier this year and is part of M1’s strategy of creating automated personal finance infrastructure to help people maximize their money, whether they are investing, borrowing, spending or saving. M1 High-Yield Savings Account is a direct result of the first partnership between M1 and B2 Bank National Association, Member FDIC, the bank formerly known as First National Bank of Buhl that Brian Barnes personally purchased in July 2021. Ensuring that your uninvested cash is growing in a high-yield savings account is a critical part of any long-term financial plan, and we’re proud to put a stake in the ground today and ensure that M1 Plus members will have one of the best rates in the market in 2023.' 'Our mission is to support long-term investors, savers, and those who consistently practice smart financial habits. The M1 High-Yield Savings Account is the latest addition to our automated, integrated and expanding offering,' said Brian Barnes, M1 CEO and Founder. 'At M1, we’ve built a suite of products that help people grow their assets, automate their finances, and manage their wealth. There will be no minimum balance requirements or maximum balance caps for the M1 High-Yield Savings Account.Ĭurrent and prospective M1 clients can sign up for more information on the M1 High-Yield Savings Account directly on M1.com starting November 14, 2022. The base rate for the savings account will be 0.50% APY, and M1 clients with an active M1 Plus membership will earn 4.50% APY. M1 High-Yield Savings Account, available in early 2023, will be an FDIC-insured savings account 2.

M1 Plus members will earn 4.50% APY on their cash, without limits, coming in early 2023ĬHICAGO, November 14, 2022-( BUSINESS WIRE)-M1, the finance app offering automated investing, borrowing, and banking products, today announced the newest addition to its suite of banking products, the M1 High-Yield Savings Account with 4.50% APY 1.