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 bank sweep offers a competitive annual percentage yield (APY) of 4.60% as of May 24, 2024. The APY will vary and may change at any time. You'll pay no fees to open the account and have no minimum balance to maintain.
Is Vanguard Cash Plus account safe? ›
And because FDIC insures up to $250,000 per account, per depositor, Vanguard makes sure to never sweep more than that amount to one particular bank. Rather, it spreads the funds out, ensuring the funds are FDIC insured for up to $1.25 million for individual accounts and $2.5 million for joint accounts.
Can I pay bills from a Vanguard Cash Plus account? ›
The Vanguard Cash Plus account provides a high-yield savings account that, unlike others, can be used to pay most electronic bills. While it doesn't fully replace a checking account (yet), it can allow you to save much more of your monthly liquidity in a high-paying account.
How does a cash plus account work? ›
How does Cashplus work? Cashplus works the same as a high-street bank. 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.
Why am I not eligible for Vanguard cash Plus? ›
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.
Is Vanguard cash Plus a high yield savings account? ›
High interest rate. With a rate of 4.60% APY, the Vanguard Cash Plus Account rivals the rates found on many high-yield savings accounts. No minimum balance requirement. The account doesn't require customers to maintain a minimum balance to keep the account open.
How do I withdraw money from my 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.
At Vanguard, we believe there are three things to consider when deciding whether to include cash in your investment portfolio: your risk tolerance, your time horizon and how close you are to achieving your goal amount.
How do I add money to my Vanguard cash account? ›
How do I add cash?
- Log into your account.
- From the left-hand menu, go to 'Payments'.
- Choose 'Add cash' next to the account you want to add cash to.
- Follow the on-screen instructions.
- It will take 1 working day for your debit card payment to clear and for the cash to become available for you to invest.
You'll need to send us a secure message, including the amount you want to withdraw. We'll do the rest for you. The whole process takes around 5 working days to reach your bank 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.
As long as both the sender and recipient bank are participants of the Faster Payments scheme, payments made to and from your Cashplus Bank Account should arrive instantly. Some payments may take a minute or two to arrive and, very rarely, could take an hour or two.
Is Cashplus account safe? ›
Your eligible deposits with Cashplus Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit protection scheme. This limit is applied to the total of any deposits you have with Cashplus Bank. You can find out more about FSCS protection here.
How much can I withdraw from Cashplus account? ›
Total ATM cash withdrawals will be limited to 50% of Your Credit Limit, or the total Available Credit, if less.
Does Cashplus affect credit score? ›
Yes, using a Cashplus credit add-on like an overdraft could impact your credit score. If you manage your overdraft responsibly, don't rely on it extensively and make all your repayments on time, it can have a positive impact on your credit score as it shows you are financially responsible.
Does Vanguard require a minimum balance? ›
Vanguard's account minimum is $0, but keep in mind many mutual funds may require a minimum initial investment. Vanguard funds have minimums that start at $1,000.
What is the minimum fund requirement for Vanguard? ›
The minimum amount of money you need to begin investing in a specific mutual fund. $1,000 for Vanguard Target Retirement Funds and Vanguard STAR® Fund. $3,000 for most actively managed funds.
Do any Vanguard funds have no minimum? ›
There is no dollar value minimum investment for Vanguard's ETFs, however, the minimum investment for any market participant is the cost of one share.
How much money do you need for a Vanguard account? ›
Most Vanguard mutual funds have a $3,000 minimum, but you can invest in any Vanguard Target Retirement Fund or Vanguard STAR® Fund with as little as $1,000.
