New: 5.1% High Yield Cash Account
Public members can now earn 5.1% APY on their cash with zero subscription fees
Today, we’re excited to introduce our High-Yield Cash Account, offering an industry-leading 5.1% APY1 with zero fees and no minimum balance requirements.
With the national savings average at 0.57% APY2 (as of Dec 12, 2023), investors are looking for more advantageous places to park their cash and earn even more interest. Now, members can grow their savings at the highest rate offered among leading competitors, with no hidden fees, subscriptions, or confusing fine print.
High yield-cash accounts are offered without subscription, account, or maintenance fees (in other words: no fees, period), and come with 20x the standard FDIC insurance — protecting all balances up to $5M. Members can access their cash anytime, with no transfer or withdrawal limits, providing ample flexibility.
After launching Treasury Accounts earlier this year, offering access to T-Bills and Bonds more recently, we’ve seen significant interest in yield-bearing asset classes and account types. We are now introducing our high-yield cash account to provide a stable, high-yielding account type for members to grow their savings.
We’re excited to continue introducing new ways for members to build diversified, modern portfolios on Public.
1 Rate is subject to change.
2 As of Dec 12, 2023 based on data from Bankrate. Rate subject to change.
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A High-Yield Cash Account is a secondary brokerage account with Public Investing. Funds from this account are automatically deposited into partner banks where they earn a variable interest and are eligible for FDIC insurance. Neither Public Investing nor any of its affiliates is a bank. US only. Learn more.
Full disclosures are at public.com/disclosures.
