Update 2/8/23: Increased from 3.9 to 4.1%
Update 12/20/22: Increased to 3.9% from 3.5%
Offer at a glance
- Interest Rate: 3.9%
- Availability: Nationwide, pilot only currently
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Insured: FDIC
The Offer
- Vanguard has launched a new savings alternative account called ‘Cash Plus’
Avoiding Fees
This account has no monthly fees to worry about.
Our Verdict
This isn’t available to all Vanguard members currently as it’s only in a pilot stage. Given other basic savings account rates are higher than this I don’t really see why you’d sign up at this stage. I’d also recommend reading this caveat on the FDIC insurance.
Hat tip to Beltway
