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Important Information 👇:
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 at link and Program Bank list at link for more information.
The Vanguard Cash Plus sweep program APY (annual percentage yield) is 3.65% as of June 16, 2025. The APY will vary and may change at any time. Source for average bank savings yield of 0.38%: FDIC National Rates and Rate Caps as of June 16, 2025. The 3.65% rate is larger than the 0.38% rate by 9.6 times. There are differences between the Vanguard Cash Plus Account and bank products. For more information see vanguard.com/cashplus
All investing is subject to risk, including possible loss of principal.
Bank savings accounts offer different services and features than a Vanguard Cash Plus Account. For example, savings accounts often offer features like overdraft protection, ATM access, bill pay services and other conveniences that Cash Plus Accounts do not offer. Cash Plus Accounts allow you to hold certain securities that bank savings accounts cannot hold. In addition, Cash Plus Accounts are subject to fraud prevention restrictions such as holding periods and transaction limits, which may not apply to a bank savings account. There may be other differences between these products that you may want to consider before choosing which option is best for you.
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