High-Yield Cash Account
Earn
3.20% APY
on your cash.
Up to $3M in FDIC Insurance on individual, trust, and business cash accounts, and up to $6M on joint accounts, through our partner banks.
Altruist Financial LLC is not a bank. APY is variable and subject to change.
Here are 8x reasons to manage your cash in Altruist.
Average savings account
Altruist’s High-Yield Cash
(8x the national average1)
1. The national average interest rate for savings accounts as posted on FDIC.gov, as of November 17, 2025.
Grow your cash, easily.
Quick and easy setup.
As an existing client, you can open and fund your accounts in minutes. No unnecessary steps or delays.
Access money, 24/7.
Withdraw or transfer funds with just a few clicks in the Altruist Client App.
No extra fees.
No minimums, no annual fees, no surprises. Your advisor manages this account and may charge their own fees. Check with your advisor for details.
Other fees may apply. Please see the Altruist Financial LLC Fee Schedule on altruist.com/legal to learn more.
Smart, secure, and backed by real protection.
Keep your money liquid, insured, and working harder—without changing how you invest.
Access FDIC insurance up to $3M across individual, trust, and business cash accounts, and up to $6M across joint cash accounts via our partner banks.
With competitive returns and no hidden hurdles, Altruist’s High-Yield Cash is the modern way to confidently manage your money with your advisor by your side.
Featured Webinar
Altruist Cash
Management 101
Watch a video replay with Adam Grealish, Head of Investments, for a deep dive into all things Altruist High-Yield Cash management.
Frequently Asked Questions
What cash account types can I open, and how many can I have?
You can open individual and joint High-Yield Cash accounts, with no limit on the number of accounts. Trust and business cash accounts are also available and must be opened with help from your advisor.
How do I open an individual or joint High-Yield Cash account in the Altruist app?
In the mobile app, select Profile and choose Open a High-Yield Cash account. In the desktop app, select Open Cash account from the top navigation menu. You may also see an Open Account option on your homepage.
During setup, you will be reminded that your advisor manages the account and can move money and charge advisory fees based on the account balance. If your advisor requires advisor-led setup, you will not see in-app options and your advisor will open the account for you.
Who manages my High-Yield Cash accounts?
Your advisor manages all High-Yield Cash accounts, including any accounts you open in the app.
As part of this role, your advisor may charge fees, move cash into or out of the account, and place restrictions on withdrawals.
Contact your advisor for details about applicable fees and account rules.
Who can I select as a co-owner on a joint High-Yield Cash account?
Co-owners must already have an Altruist account and be added to your household by your advisor.
Curious about Altruist?
We work with financial advisors to offer a better, simpler way to grow your money—whether it’s invested or held in cash.
The Annual Percentage Yield (“APY”) for the High-Yield Cash accounts (“High-Yield Cash”), is variable and may change at any time. The amount of interest you will receive on your deposits will vary based on a number of factors. Accrued interest is paid on the last business day of the month directly into the High-Yield Cash account. View our disclosures to learn more.
High-Yield Cash is offered through a separate account at Altruist Financial LLC (“Altruist Financial”) that is opened solely for participation in High-Yield Cash. Neither Altruist Financial nor any of its affiliates are banks. Altruist Financial deposits cash in the High-Yield Cash account with one or more banks (“Program Banks” see the Altruist Financial LLC Participating Bank List) that accept and maintain such deposits. Through High-Yield Cash, clients’ cash is deposited into Program Banks where the cash earns a variable interest rate and is eligible for FDIC insurance. Cash is not eligible for FDIC insurance until the cash is deposited at the Program Banks. Cash in the High-Yield Cash account that is awaiting to be deposited in, and cash in transit to or from, Program Banks, may not be eligible for coverage under SIPC. SIPC coverage does not apply to cash deposited with Program Banks. FDIC insurance is limited to $250,000 per depositor, per FDIC-insured bank, per ownership category and is subject to conditions. More information can be found in the High-Yield Cash Disclosure Statement and the Altruist Financial LLC Participating Bank List. FDIC insurance only covers the failure of the FDIC-insured depository institution. FDIC coverage can be impacted by several things, including but not limited to deposit capacity at a Program Bank and/or if a client holds cash at a Program Bank, including through this or additional sweep programs. Clients are responsible for monitoring their total assets at each of the Program Banks, whether through Altruist Financial accounts or accounts with other financial intermediaries, to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. For more information on FDIC insurance coverage, please visit FDIC.gov.
Deposits to High-Yield Cash will be deposited with Program Banks on the following business day. Cash deposited via ACH or Check may take three (3) or more business days for the funds to become available for deposit. Customers can initiate withdrawals at any time from the High-Yield Cash account. View our disclosures to learn more.
Clients should carefully review the information provided on altruist.com/legal to determine whether High-Yield Cash is an appropriate product for their specific financial needs. Retail clients must work with a Registered Investment Advisor to open an High-Yield Cash account. Securities trading is not possible in the High-Yield Cash account.