The Vanguard Cash Plus Account: Starting at - APY

The Vanguard Cash Plus Bank Sweep Program APY (annual percentage yield) starts at - as of -. The APY will vary and may change at any time.

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What's the Vanguard Cash Plus Account?

The Vanguard Cash Plus Account is a cash savings account alternative that helps your money work harder for short-term goals while keeping your cash and investments at Vanguard.

 

Earn 9x more than the average traditional savings account1

Vanguard Cash Plus offers you a competitive APY that grows with your relationship at Vanguard (APY will vary).

View Rate Tiering Program Rules, Terms, and Conditions

- APY

Cash Plus APY

 

No qualifications needed. With a Cash Plus Account, your Bank Sweep balance automatically earns a competitive APY.

 

APY as of -

 

Open a Cash Plus account

- APY

Cash Plus Enhanced APY

 

Qualification requirements include one of the following:

  • Qualifying Assets of $1 million or more.*
  • Enrolled in Personal Advisor, Personal Advisor Select, or Personal Advisor Wealth Management.
  • Eligible for, or an active participant in, certain limited participating employer-sponsored retirement plans.**

 

APY as of -

 

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*For details regarding calculation of Qualifying Assets, visit Vanguard Brokerage Services commission and fee schedules.
**Contact us to learn if your employer-sponsored retirement plan qualifies for the Cash Plus Enhanced APY.

Cash Plus Rate Tiering Program Rules, Terms, and Conditions

Interest rates on “Eligible Balances” (as defined in the Vanguard Bank Sweep Products Terms of Use) in Your Cash Plus Account may vary based on a tiered rate structure (the “Rate Tiering Program”).  The Rate Tiering Program is a discretionary program and applies only to “Sweep Deposits” (as defined in the Vanguard Bank Sweep Products Terms of Use) in Your Cash Plus Account.  The Rate Tiering Program is not applicable to “Sweep Deposits” or any other amounts in the Vanguard Cash Deposit (“VCD”) feature of Vanguard Brokerage Accounts. 

Beginning October 15, 2026, the Rate Tiering Program is active.  

Generally, under this Rate Tiering Program, eligible clients qualify for a higher rate tier and receive a higher APY (the “Enhanced APY”) if they meet certain eligibility criteria which may be based on one or more relationship characteristics, such as Qualifying Assets (QA) held by an “Account Owner” with Vanguard (as defined in the Vanguard Brokerage Account Agreement), an Account Owner’s participation in certain Advisory Services, or an Account Owner’s eligibility through certain employment statuses with certain limited participating Employer Sponsored Plans.  For purposes of these Rate Tiering Program Full Terms and Conditions, “Advisory Services” refers to advice services provided by Vanguard Advisers, Inc., (“VAI”), a registered investment advisor, or by Vanguard National Trust Company (“VNTC”), a federally chartered, limited-purpose trust company. VAI and VNTC are subsidiaries of The Vanguard Group, Inc., and affiliates of Vanguard Marketing Corporation. 

When an Account Owner meets one or more of the designated independent eligibility criteria described above, Vanguard will generally apply the Enhanced APY to Your Eligible Balances. 

You generally qualify for the Cash Plus Enhanced APY if You or any joint owner of Your Account meets any one or more of the following three (3) criteria: (1) own QA of $1,000,000 or more; (2) are currently enrolled in any one of the following three (3) Advisory Services, (i) Personal Advisor, (ii) Personal Advisor Select, or (iii) Personal Advisor Wealth Management; or (3) are eligible for, or an active participant in, certain limited participating Employer-Sponsored retirement plans through The Vanguard Group, Inc.

Your rate tier is assessed based on information available to Vanguard from applicable internal systems and may change, either over time or at any single moment, as Your relationship with Vanguard changes. Changes in an Account Owner’s assets, enrollment in or out of any applicable Advisory Services, or updates to Employer-Sponsored Plans-related eligibility may result in an adjustment to Your rate tier. As a result, the interest rate and tier level or tier criteria applied to Your Sweep Deposits may increase or decrease at any time without prior notice, subject to applicable law and disclosure requirements. Interest rates associated with each tier are variable and may change at any time based on market conditions, business considerations, or other factors. Vanguard may also modify the number of tiers, the criteria used to determine eligibility, or the rate differentials between tiers from time to time. Rates across different tiers may be the same. 

Rate tier changes may be applied on a periodic or event-driven basis and may not occur immediately following a change in an Account Owner’s qualifying or eligibility status. For example, asset qualification to become eligible for the Enhanced APY, is generally evaluated and applied on a weekly basis, based on total settled QA from the ending balance of the previous week, but may take longer. Loss of qualification (“LQ”) for the Enhanced APY, based on total settled QA is evaluated periodically in line with Vanguard’s internal policies and procedures. For details regarding the current calculation of QA, visit Vanguard Brokerage Services commission and fee schedules.

Eligibility based on enrollment in an applicable Advisory Service is subject to Vanguard’s internal policies and procedures and is generally determined by enrollment and unenrollment in specific advice offerings, which is typically updated on a daily basis, but may take longer.  

Changes in eligibility for certain limited participating Employer-Sponsored retirement plans are determined by internal policies of Vanguard Workplace Solutions and may be impacted by factors such as the timing of a Plan Sponsor’s update of employee data and may generally take up to 90 days to apply the applicable rate tier, but may take longer. 

The Rate Tiering Program is designed to align interest rates with broader client relationships and may differ from rates offered by other financial institutions or other Vanguard products. 

Eligibility criteria, rate tiers, and associated benefits are determined in accordance with Vanguard’s internal policies and governance processes. Vanguard reserves the right to modify or discontinue the Rate Tiering Program, in whole or in part, at any time, and without prior notice, subject to applicable law and disclosure requirements. Vanguard similarly reserves the right to offer promotions or offer temporary rate increases for any duration of time based on criteria determined by Vanguard, which may start or end at Vanguard’s sole discretion.


For illustrative purposes only

Everything you need to manage cash—right at your fingertips

You can view and manage the Vanguard Cash Plus Account alongside your other Vanguard accounts online and on our app. You'll get routing and account numbers to link and move your money.

  • Next-day bank transfers.2
  • Mobile check deposit.
  • Paying bills.
  • Direct deposit.
  • Up to $250K in daily transactions.2
  • Compatibility with apps like PayPal and Venmo.
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See what a higher APY could earn you

Adjust the sliders to find out how much you could earn with Vanguard Cash Plus APY vs. the average traditional savings account. Plus, you could earn an even higher APY when you qualify for the Enhanced APY. The average bank savings yield is 0.37% as of September 21, 2026.

Total interest gained from $35000 after 5 years

Source: Vanguard and FDIC National Rates and Rate Caps September 21, 2026. The interest shown is hypothetical and for illustrative purposes only. It does not reflect actual interest you will earn and does not guarantee any future results. Results are based on an estimate of total interest earned during the period specified using hypothetical selections made for the starting balance, rate of return, and years held. Total interest gained is calculated using the stated annual percentage yield (APY) assuming no withdrawals are made during the selected period. APY, expressed as an annualized rate, measures the total amount of interest paid on an account, including any interest that is compounded throughout the year. APY will vary and may change at any time. Taxes are not taken into account. There may be other material differences between these products that should be considered prior to selecting which product is right for you, including the level of risk associated with each product type and available services offered. Other products may provide higher rates.

The average bank savings yield is 0.37% as of September 21, 2026. The Bank Sweep Program APY (annual percentage yield) presented is as of -.

0.37
-

Vanguard Cash Plus Account benefits

Competitive yield

You could earn 9x more than the average traditional bank savings account.1

FDIC coverage

Feel good knowing the bank sweep is eligible for FDIC (Federal Deposit Insurance Corporation) insurance.3

Extensive security

We protect your money like it’s our own with Vanguard’s round-the-clock security features.

No or low cost

  • $0 to open an account.
  • $0 minimum balance.
  • $0 account service fees when you sign up for e-delivery.
  • $0 to transfer money between Vanguard accounts.
  • $0 to transfer money to banks and payment apps through EBT (electronic bank transfers) and ACH (automated clearing house).


There may be low fees for certain transactions such as outgoing wire transfers.

See the Vanguard brokerage and commission fee schedules

One account. Two ways to divvy up your cash.

No matter how you slice it, you can access your money and earn more interest than you would with the average traditional savings account.1,2

Keep all your money in the bank sweep program

The Bank Sweep is where all your account deposits go, and where money will come from when you make a withdrawal. The sweep program moves eligible balances to one or more program banks, where they’re eligible for FDIC coverage, subject to applicable limits and certain conditions.3

  • $0 minimum investment. 

  • FDIC insured3 up to:
    • $1.25 million for individual, trust, and organizational accounts.
    • $2.5 million for joint accounts.
  • Money held by program banks.
Learn about the importance of an emergency fund

Diversify into 5 Vanguard money market funds

Money market funds are low-risk mutual funds that invest in short-term, high-quality debt like government securities and Treasuries. You can use them for short-term savings goals and diversifying your cash holdings. We offer both taxable and tax-exempt money market funds.

  • $3,000 minimum investment each.

  • SIPC insured up to $500,000.
  • Money in Vanguard money market funds.

View available Vanguard money market funds

Take a deeper dive into money market funds

FDIC (Federal Deposit Insurance Corporation)

Visit the FDIC's website to learn more.

SIPC (Securities Investor Protection Corporation)

Money market funds and other securities held in the Vanguard Brokerage Account are eligible for SIPC coverage. Securities in your brokerage account are protected up to $500,000. To learn more, visit the SIPC's website.
Vanguard V
Tim T.

When I saw the Vanguard Cash Plus Account option, I was astounded by the amount of interest that it pays given its flexibility. Wow!”

The experience of this Vanguard client may not be representative of the experience of other Vanguard clients and is not a guarantee of future investment performance or success. The Cash Plus sweep program annual percentage yield will vary and may change at any time.

How to open a Vanguard Cash Plus Account

If you're a client, we'll prefill some of your information, but you may need to provide additional details, including:

  • Bank information.
  • Account objectives.
  • Employment status.
  • Personal information for any joint account owners.

Get started with a - APY

Plus, you could earn an even higher APY when you qualify for the Enhanced APY. The Vanguard Cash Plus Bank Sweep program APY (annual percentage yield) starts at - as of -. The APY will vary and may change at any time.

Open a Cash Plus Account

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FAQs

Eligibility and rate updates don’t always happen immediately. Depending on how you or any joint account owner qualify, updates may be processed daily, weekly, or over a longer period. For example, asset-based eligibility is typically reviewed weekly, advisory-service eligibility is generally updated daily, and eligibility through certain employer-sponsored retirement plans may take up to 90 days to be reflected.

We’re offering money market funds alongside our all-cash Bank Sweep so you can choose from a variety of short-term investments if you want to diversify your cash holdings.

Learn about money market funds

While there are no issued checks or bank cards, we’ll provide you with routing and account numbers so you can pay bills, set up direct deposit with your employer, and more. Bill payments can only be made from the available balance in the Bank Sweep.

The APY is based on current market conditions. It can move up or down depending on a variety of factors, including the Federal Reserve raising or lowering interest rates. We're committed to offering you value on the cash in your Cash Plus Account.

We’d like to offer competitive products that help you meet your goals. Vanguard isn't a bank, and certain products—like those offering FDIC insurance—are only available through banks. In the Vanguard tradition of passing on value to our clients, we've committed to using this new offer to provide you with a competitive APY. Please note that our money market fund options have market yields rather than offer an APY like the Cash Plus bank sweep.

When you move money into your Vanguard Cash Plus Account through Vanguard’s website or app, you can deposit up to $250,000 per day. Withdrawals are limited to $100,000 per day. Note: These limits may be different if you initiate the transfer from your bank’s website or app instead. 

Your account may be subject to restrictions intended to help prevent fraud. Transactions may be subject to daily limits and holding periods of generally four (4) to five (5) business days. For new accounts, cash and check deposits are generally subject to an initial hold of up to 20 days, although the hold may last up to 60 days in certain circumstances. During this time, you may invest your deposited funds; however, cash deposits may only be returned to the bank account from which they were received. After the initial hold period ends, your funds will be fully available for transfer or withdrawal.

See the Vanguard Bank Sweep Products Terms of Use (PDF) for more information.

Anyone 18 or older can open a self-managed Cash Plus Account. Note: If you are a U.S. citizen living or moving abroad, you cannot open a Cash Plus Account at this time.

1The Vanguard Cash Plus Bank Sweep Program annual percentage yield (APY) starts at - as of -. APY will vary and may change at any time. For current Cash Plus APYs and for full Rate Tiering Program rules, see tiering chart above. Source for average bank savings yield of 0.37%: FDIC National Rates and Rate Caps as of September 21, 2026. Bank savings accounts offer different services and features than a Vanguard Cash Plus Account. For example, savings accounts often offer features like overdraft protection, ATM access, bill pay services and other conveniences that Cash Plus Accounts do not offer. Cash Plus Accounts allow you to hold certain securities that bank savings accounts cannot hold. In addition, Cash Plus Accounts are subject to fraud prevention restrictions such as holding periods and transaction limits, which may not apply to a bank savings account. There may be other differences between these products that you may want to consider before choosing which option is best for you.

2Your account may be subject to restrictions intended to help prevent fraud. Transactions may be subject to daily limits and holding periods of generally four (4) to five (5) business days. For new accounts, cash and check deposits are generally subject to an initial hold of up to 20 days, although the hold may last up to 60 days in certain circumstances. During this time, you may invest your deposited funds; however, cash deposits may only be returned to the bank account from which they were received. After the initial hold period ends, your funds will be fully available for transfer or withdrawal.

3Bank Sweep program balances are held at one or more Program Banks, earn a variable rate of interest, and are not securities covered by SIPC.  They are not cash balances held by Vanguard Brokerage Services (VBS), a division of Vanguard Marketing Corporation (VMC); VMC is not a bank. Bank Sweep deposits are covered by FDIC insurance (subject to applicable limits and certain conditions) up to $250,000 per insurable category of ownership at each Program Bank when aggregated with all other deposits held by you at such bank and in the same insurable category. VBS will aggregate and allocate Bank Sweep deposits to Program Banks across Vanguard Cash Plus and Vanguard Cash Deposit with identically registered accounts to offer maximum FDIC coverage up to $1.25 million ($2.5 million for joint accounts). This FDIC coverage may be decreased based on limits imposed by each Program Bank, whether you've opted out of any Program Banks or if you hold other FDIC-eligible deposits at any of the Program Banks. FDIC insurance only covers failure of the Program Banks. VBS will aggregate and allocate Bank Sweep deposits for trust accounts at the account level and not at the beneficiary level. You are solely responsible for monitoring the aggregate amount that you have on deposit at each Program Bank to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. For more information about FDIC insurance coverage, please visit fdic.gov. See the Vanguard Bank Sweep Products Terms of Use (PDF) and list of participating Program Banks (PDF) for more information.

For more information about Vanguard funds or Vanguard ETFs, obtain a Vanguard mutual fund or Vanguard ETF prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.

Although the income from a municipal money market fund is exempt from federal tax, for some investors, a portion of the fund's income may be subject to state and local taxes, as well as to the federal Alternative Minimum Tax.

All investing is subject to risk, including the possible loss of the money you invest.

Diversification does not ensure a profit or protect against a loss.

The Vanguard Cash Plus Account is a brokerage account offered by Vanguard Brokerage Services, a division of Vanguard Marketing Corporation, member FINRA and SIPC. Under the Sweep Program, Eligible Balances swept to Program Banks are not securities: they are not covered by SIPC, but are eligible for FDIC insurance, subject to applicable limits. Money market funds held in the account are not guaranteed or insured by the FDIC, but are securities eligible for SIPC coverage. See the Vanguard Bank Sweep Products Terms of Use (PDF) and Program Bank list (PDF) for more information.