For more information about Vanguard funds or 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.
The Fund is only available to retail investors (natural persons). You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon the sale of your shares. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including times of market stress.
The Fund is only available to retail investors (natural persons). You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.
Call 888-885-2306 for questions about the Vanguard Cash Plus Account. We're available Monday through Friday from 8 a.m. to 8 p.m., Eastern time.
Savings accounts may have characteristics that differentiate them from bank sweep programs offered by Vanguard Cash Plus. For example, they may offer overdraft protection, ATM access (immediate access to your money), and other convenience features. Each company's products differ, so it's important to ask questions to understand account features.
There may be other material differences between products that must be considered prior to investing.
All investing is subject to risk, including the possible loss of the money you invest.
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.
FAQs
The Vanguard Cash Plus account gives Vanguard users a place to put cash and earn interest. It doesn't offer a debit card, ATM accesss, or check writing. Still, this cash management account offers great FDIC insurance and diversified money market funds. Open an account for a barebones place to earn interest on cash.
Can you withdraw from a Vanguard Cash Plus account? ›
The Vanguard Cash Plus Account offers a high interest rate, but withdrawals and deposits are limited to online transfers.
How often is interest paid on Vanguard cash plus? ›
Any cash in your account will earn interest daily and will normally be paid into your account on the first working day of the month.
How does Cash Plus account work? ›
The Vanguard Cash Plus Account is a cash management account that features a bank sweep insured by the Federal Deposit Insurance Company (FDIC) and offers a competitive yield on your short-term savings. You can use the bank sweep as a low-risk place to keep cash for your immediate needs as well as for emergencies.
Is Vanguard Cash Plus account safe? ›
The Vanguard Cash Plus Account lets you keep your short-term savings with Vanguard. Like with a savings account, you get FDIC protection on balances and a competitive APY. But transfers to your other accounts can take up to a day to go through, and you can't withdraw from the account at an ATM.
Do you have to pay for a cash plus account? ›
You can open a personal current account that comes with all the features you'd expect from a traditional bank. However, you'll have to pay to open a personal account with Cashplus and there are three different payment options available.
Can I use Vanguard Cash Plus to pay bills? ›
Vanguard Cash Plus Account
Includes a bank sweep program offering FDIC insurance for up to $1.25 million for individual accounts and $2.5 million for joint accounts.* Can be used to pay bills, set up direct deposit with your employer, or connect to payment applications like PayPal and Venmo.
How to withdraw from Cash Plus? ›
withdrawing cash – inserting Your Cashplus Card into the ATM reader and entering Your PIN; or iv. for Quasi-Cash Transactions – providing Your Cashplus Card and entering Your PIN or signing a sales voucher and providing any other identification information requested by the merchant retailer.
How to withdraw money from Vanguard cash account? ›
Step-by-step to withdrawing money out of your Vanguard Cash Account
- Log in and navigate to 'Cash' ...
- Select 'Withdraw' ...
- Choose the amount you want to withdraw. ...
- Review and confirm your withdrawal. ...
- Wait for funds to be transferred to your linked bank account.
To be eligible to participate in the Cash Plus Account Pilot, You or a joint owner must be an account holder on a VBA. One or more of the Cash Plus Account holders are also required to maintain at least one VBA for as long as the Cash Plus Account is open.
Vanguard cash interest: how it's calculated
That makes this charge much smaller than it appears at first glance, as we'll see below. Tot those numbers up and you'll earn a minimum 3.0935% Vanguard cash interest on uninvested cash lying idle in a stocks and shares ISA, Junior ISA, SIPP, or general trading account.
What bank does Vanguard use? ›
Initially, Vanguard partnered with two banks to run its cash accounts. Its roster has now expanded to four: Valley National Bank in Wayne, N.J.; NexBank in Dalla; Synovus Bank in Columbus, Ga. and Bank of Baroda in Vadodara, India, according to a company document seen by RIABiz.
Is Vanguard Cashplus a high-yield savings account? ›
Vanguard's Cash Plus Account offers a 4.7% annual yield on deposited cash. And it comes with $1.25 million in FDIC coverage for individual accounts. That's a compelling FDIC-insured yield compared with traditional high-yield banks. And it's miles ahead of what major banks pay.
How to pay Cashplus account? ›
Simply use your cheque book or the UOB ATM Card. Credit balances in your UOB CashPlus account will be drawn down first before your credit line is utilised. And upon payment to your UOB CashPlus account, your credit line will be reinstated.
How to transfer money from Cashplus account? ›
How to make a payment
- Once you've logged in Online Banking, click 'Payments and Transfers'
- Select 'Make a Payment'
- If you have paid this person before, use the dropdown menu to select the payee (If it's a new payee, see our 'How to set up a payee' guide below)
- Enter the amount of the payment.
Vanguard Cash Plus Account
Includes a bank sweep program offering FDIC insurance for up to $1.25 million for individual accounts and $2.5 million for joint accounts.* Can be used to pay bills, set up direct deposit with your employer, or connect to payment applications like PayPal and Venmo.
What is a cash plus fund? ›
What Is a Cash Plus Fund. Cash plus fund is a type of fund, commonly found in Australia, which is formulated for conservative investors seeking preservation of capital and reasonable investment returns. Cash plus funds are designed for investors with a shorter-term investment horizon.
