Vanguard Cash Plus

The Vanguard Cash Plus Account is a savings-account alternative that lets you hold short-term cash and Vanguard investments in one place, using a bank sweep program to place deposits with FDIC-insured banks and offering FDIC coverage with an APY of 3.10% as of January 2, 2026 (subject to change). It provides online and mobile access, next-day transfers, mobile check deposit, bill pay, direct deposit, and compatibility with PayPal and Venmo, with $0 to open, $0 minimum balance, and $0 account fees when you enroll in e-delivery. It also supports diversification through Vanguard money market funds and integrates with your Vanguard accounts, with SIPC protection for securities up to $500,000 and FDIC coverage for cash in the sweep.

AI named Vanguard Cash Plus from February 2026 to August 2026.