Find the latest M1 Finance promotions, bonuses, and offers here!
Update 10/9/24: With the M1 High-Yield Cash Account, you can currently earn 4.50% APY on your on your uninvested cash.
M1 Finance is a free automated investing platform that lets you create a portfolio consisting of investments of your choice. You also have the option to pick from pre-built ones. All you have to do is fund your account, and M1 Finance will do the rest.
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 $9 billion in assets under management and over 1,000,000 users/clients.
(at M1 Finance)
Current M1 Finance Promotions
M1 High-Yield Cash Account
Put your money in position to rack up interest – and elegantly integrate with your investing goals; you can earn 4.50% APY on your on your uninvested cash with the M1 High-Yield Cash Account.
- 4.50% APY: Earn high yields on your uninvested cash.
- FDIC-insured up to $3.75 million.
- Unlimited transfers and withdrawals: Access your money when you need it.
- Multiple accounts: Open up to 5 accounts (4 individual, 1 joint) to organize your financial goals.
- Joint accounts: Earn toward shared goals with a loved one.
- Instant transfers: Move money instantly across your M1 accounts.
- Set your own rules: Smart Transfers automatically move funds between accounts based on rules you set.
- No minimum balance: Earn a solid APY, regardless of how much is in your account.
(Secure with FDIC coverage)
M1 is not a bank and M1 High-Yield Cash Accounts are not a checking or savings account. M1 High-Yield Cash Account(s) is an investment product offered by M1 Finance, LLC, an SEC registered broker-dealer, Member FINRA / SIPC. The purpose of this account is to invest in securities, and an open M1 Investment account is required to participate in the M1 High-Yield Cash Account. All investing involves risk, including the risk of losing the money you invest.
M1 Finance Custodial Account
With many years ahead to build wealth, adults are in a great position to set children in their lives up for financial success. That’s where M1 Custodial Accounts come in.
Give a child a strong start
- A financial gift. UTMA/UGMA accounts allow you to invest on a child’s behalf and help prepare for future financial needs. These funds can be used for anything benefiting the child.
- There when they need it. As a custodian to the account, you control the investment strategy until its beneficiary comes of age (age 18 to 25, depending on your state).
- Time is on their side. Investing early on a child’s behalf helps give them a financial advantage compared to those who begin investing in adulthood.
(at M1 Finance)
$10-$50 Referral Bonuses
Get $10- $30 Referral Bonuses
Currently, M1 Finance is offering a promotion where account holders can earn $10 (sometimes $50) Referral Bonuses when you refer friends and family members to this app. The bonus seems to vary for different users, visit the referral link and your account page to see.
All your referees have to do is sign up through the same process that you went through to receive their bonus. We will go over the steps on how to sign up for an account in the section below.
- Open your M1 Finance Dashboard (mobile app) or click on your name (desktop site).
- Click “Refer & Earn.” This will only show if your account is funded.
- Sign up for the referral program.
- Choose which Payment Account you want to deposit your referral bonuses.
- Share your unique M1 Finance referral link with everyone you know.
- Receive your referral bonuses in your Payment Account within 14 days after your friend has signed up and funded their M1 Finance account.
- Once qualifications are met, you’ll see your bonus in your account under Settings > Promotions.
- Available to U.S. residents only.
- The offer is only valid for new brokerage or IRA accounts.
- This promotion is not valid with any other offers and is non-transferable.
- You must have an open brokerage account to receive referral credits.
- Your Payment Account cannot be a retirement account. If you opened a retirement account, you must also open a non-retirement account to receive the bonus.
(Click on the link above to sign up for a M1 Finance account)
M1 Finance Up To $500 Bonus (Expired)
Open a new M1 Finance Account and earn up to a $500 bonus.
*Offer currently unavailable*
Follow the simple steps below to sign up for an account:
- Get up to $500 in your new Brokerage Account
- Deposit $10,000 or more within two weeks of opening your new M1 Brokerage Account and get a cash bonus of $75 – $500 deposited to that account.
- Bonus Tiers:
- $75 bonus: when you transfer an account of $10,000 – $29,999
- $150 bonus: when you transfer an account of $30,000 – $49,999
- $250 bonus: when you transfer an account of $50,000 – $99,999
- $500 bonus: when you transfer an account of $100,000+
(Expires 12/31/2024)
| J.P. Morgan Self-Directed Investing (Up to $700 Cash) | TradeStation ($3500 Cash) |
| M1 High-Yield Cash Account (5.50% APY) | WeBull (Free Stocks) |
M1 Finance Up To $20,000 Bonus For Account Transfer (Expired)
Transfer a brokerage account to M1 and earn up to $20,000.
- *Offer currently unavailable*
- During the Promotion Period, new and existing M1 customers that transfer a brokerage or retirement account to M1 can earn up to $20,000. Here’s how to get started:
- Get a copy of a recent account statement from your brokerage.
- Ensure you have an account open at M1 that matches the account type you’re transferring (e.g. if you are transferring securities from a joint brokerage account, you’ll need a joint brokerage account open at M1).
- Submit a transfer request from another brokerage account during the Promotion Period. Click here to get started.
- Promotional Credits (see table below) will be paid to eligible clients on December 5, 2024, into their Payment Account^ only.
- Bonus Tiers:
- $250 bonus: when you transfer an account of $100,000 – $249,999.99
- $1,000 bonus: when you transfer an account of $250,000 – $499,999.99
- $2,000 bonus: when you transfer an account of $500,000 – $999,999.99
- $4,000 bonus: when you transfer an account of $1,000,000 – $1,999,999.99
- $10,000 bonus: when you transfer an account of $2,000,000 – $4,999,999.99
- $15,000 bonus: when you transfer an account of $5,000,000 – $6,999,999.99
- $20,000 bonus: when you transfer an account of $7,000,000+
| J.P. Morgan Self-Directed Investing (Up to $700 Cash) | TradeStation ($3500 Cash) |
| M1 High-Yield Cash Account (5.50% APY) | WeBull (Free Stocks) |
M1 Finance Up To $5,000 Retirement Rollover Bonus (Expired)
Let the good times roll with your nest egg in one place. Roll over your 401(k), 403(b) or another employer-sponsored retirement plan by March 31 and you could earn an investment bonus of $500–$5,000.
Follow the simple steps below to sign up for an account:
- *Offer currently unavailable*
- Open an M1 IRA account. First, you’ll need to open a retirement account in M1.
- Initiate your rollover. Then, you’ll have to move your money from your account provider to M1.
- Check delivery and deposit
- Prepare you M1 account for your rollover check
- Promotional Credits will be paid to eligible clients on January 31, 2025
- Bonus Tiers:
- $500 bonus: $100,000 – $249,999 Aggregate Rollover Amount
- $1,000 bonus: $250,000 – $499,999 Aggregate Rollover Amount
- $2,500 bonus: $500,000 – $999,999 Aggregate Rollover Amount
- $5,000 bonus: $1,000,000+ Aggregate Rollover Amount
| J.P. Morgan Self-Directed Investing (Up to $700 Cash) | TradeStation ($3500 Cash) |
| M1 High-Yield Cash Account (5.50% APY) | WeBull (Free Stocks) |
M1 High Yield Savings Account
- *Offer currently unavailable*
- Earn 5.00% APY with the M1 High Yield Savings Account
- 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.
(FDIC Insured)
| Western Alliance Bank High-Yield Savings Premier (5.01% APY) | SoFi Checking & Savings ($325 Bonus + 4.30% APY) |
| Upgrade Premier Savings ($200 Bonus + 5.21% APY) | CloudBank 24/7 High Yield Savings (4.65% APY) |
| Live Oak Bank Savings ($200 Bonus + 4.30% APY) | Harborstone Credit Union Money Market (5.25% APY) |
| CIT Bank Platinum Savings (4.70% APY) | |
| RBMAX High Yield Savings (5.15% APY) | Ponce Bank Money Market (4.95% APY) |
| Hanover Bank Money Market (5.30% APY) | |
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Bottom Line
If you want a less hands on approach to your investments, M1 Finance is the platform for you.
This investment platform allows you to invest without having to constantly look at your portfolio.
If this service isn’t for you, there are other investing services such as Betterment and Wealthfront that also have promotions and deals.
If you like posts like this, check out our list of investment promotions and brokerage bonuses!
For more bonus opportunities, see our list of the latest bank bonuses & credit card offers.
