High-Yield Cash Account
Get more cash
for your cash.
Grow your clients’ uninvested savings with 4.00% APY.
Just more money for your clients.
Altruist Financial LLC is not a bank. APY is variable and subject to change.
Here are 10x reasons to
manage your cash in Altruist.
Average savings account
Altruist’s High-Yield Cash
(10x the national average1)
1. The national average interest rate for savings accounts as posted on FDIC.gov, as of June 16, 2025.
And here’s
three more.
Streamlined setup.
Our simple and intuitive setup flow gets you up and running in no time.
Easy access.
Clients can access their funds with just a few clicks, ensuring same-day liquidity whenever they need it.
Big benefits.
Unlimited transfers, zero minimums, easy ACH linking and no annual fees.
Other fees may apply. Please see the Altruist Financial LLC Fee Schedule on altruist.com/legal to learn more.
Simple, secure growth for every RIA
Put your clients’ cash to work without having to change your investment strategy.
With no minimum balances or annual fees, access to FDIC insurance through our partner banks*, easy digital onboarding, and powerful back-office automations, it’s never been easier to grow your clients’ cash.
*up to $1M for individual and trust cash accounts and $2M for joint accounts
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 for my clients?
Altruist offers individual, joint, and trust cash accounts, giving you the flexibility to meet your clients’ diverse financial goals.
Can my clients withdraw cash directly from their High-Yield Cash accounts?
Yes, clients gain full control over their funds upon opening a High-Yield Cash account. They can easily link a bank account for ACH deposits and withdrawals through the Client Portal on a desktop of via the Altruist mobile application, ensuring access to their funds wherever they are.
Are there any limits on transfers or withdrawals?
Clients can schedule unlimited transfers with High-Yield Cash, giving them the flexibility to move funds as needed without restrictions.
How many cash accounts can I open per client?
There’s no limit – open as many cash accounts as needed to help your clients manage their cash.
Interested in Altruist?
Let us show you how a modern custodian can help your RIA streamline operations, slash overhead, and exceed client expectations.
The Annual Percentage Yield (“APY”) for the High-Yield Cash accounts (“High-Yield Cash”), formerly Altruist 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, both available on altruist.com/legal. 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.