Available nationwide, M1 Finance is offering 5.00% APY when you open 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.
| Balance Requirement | APY Rate |
| $0.01+ | 5.00% |
M1 Finance High Yield Savings Rate
- Account Type: High Yield Savings Account
- Interest Rate: 5.00% APY
- Minimum Balance: None
- Maximum Balance: None
- Availability: Nationwide
- Credit Inquiry: Hard Pull or Soft Pull? Let us know.
- ChexSystems: None
- Opening Deposit: Any
- Monthly Fee: None
- Early Termination Fee: None listed
(FDIC Insured)
M1 Finance 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 ACH capabilities.
How to Earn M1 Savings Bank Rate
- Open a M1 High Yield Savings Account with any amount.
- Input your info – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account – Transfer funds electronically from an internal account here or an external account at another bank.
- Earn 5.00% APY.
Why You Should Sign Up For This 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.
Bottom Line
M1 is offering a highly competitive rate when you open a new account.
For those interested in bank promotions, definitely take a look at our list of HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank bonuses.
If you have had any experiences with this bank, please let us know in the comment section below. Feel free to share your experiences with this bank by commenting below. For more bank offers, see the complete list of Best Bank Rates!
For more, see our list of the latest promotions from M1.
Check back often to see the latest info on M1 High Yield Savings Account.