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Vanguard Cash Plus

Editor reviewed

3.10% APY plus a 0.25% boost through September 2026 inside Vanguard

Rates verified September 29, 2026
High-Yield Savings
Open account
Tracked since2026
0 reviews tracked

The Bottom Line

APY
3.1% (verified Sep 29, 2026). All rates and fees

Key facts

  • Min. deposit: None
  • Monthly fee: None
  • Insurance: FDIC insured

Pros

  • Credible sweep insurance
  • Seamless with Vanguard investing
  • Money market fund optionality inside the account

Cons

  • No card access at all
  • Base rate mediocre without the temporary boost
  • Transfers take 1-2 days

At a glance

Rates verified September 29, 2026
APY
3.1%
APY note
+0.25% automatic boost through 9/30/26, roughly 3.35% effective
Minimum deposit
None
Monthly fee
None
FDIC
Pass-through via program banks, up to $1.25M individual / $2.5M joint (Vanguard's advertised sweep limits; reconfirm)
Institution
Vanguard Brokerage (bank sweep)
ATM access
No

How this rate compares

8.2x

the FDIC national savings average of 0.38% (August 17, 2026). On a $10,000 balance that is about $272 more in a year.

Last verified September 29, 2026

We re-verify against the issuer's own page when we refresh this listing, and we stamp that date. We do not claim a daily check.

APYs are variable and can change at any time. The FDIC national average is a floor for what an ordinary savings account pays, not a competitor. Named comparisons use each product's last issuer-page check.

Is it worth it?

$310 a year on a $10,000 balance

At 3.1% APY, $10,000 earns about $310 in the first year, versus roughly $38 at the 0.38% FDIC national average (August 17, 2026). That is about $272 more for moving the same money. APY is variable and shown as of the date above.

What is Vanguard Cash Plus?

Editorial review
Vanguard Cash Plus is the cash bucket for Vanguard loyalists: spartan by design, seamless with Vanguard investing, and boosted through September. The honest verdict: credible sweep insurance and unique money-market optionality, but a mediocre base rate and zero card access. The account pays a 3.10% APY base plus a 0.25% automatic boost through September 30, 2026, roughly 3.35% effective, as of July 2026. There is no minimum deposit, no minimum balance for the rate, and no monthly fee. Deposits sweep to program banks for pass-through FDIC coverage up to Vanguard's advertised $1.25M individual or $2.5M joint limits (reconfirm on vanguard.com). The account carries a routing number for bills and direct deposit, and inside it you can also buy Vanguard money market funds like VMFXX with roughly 4%+ equivalent yields. The catches: no debit or ATM card at all, 1 to 2 day transfers, and a base rate that is mediocre without the temporary boost.
how we evaluateSourceinvestor.vanguard.com ↗

Key details

3.10% APY base + 0.25% automatic boost through 9/30/26 (~3.35% effective)Bank sweep plus money market fund optionality in one accountOption to buy Vanguard money market funds (VMFXX ~4%+ equivalents) insideRouting number for bills and direct depositNo minimums or feesVanguard trust factor

Explore more

Best High-Yield Savings

Vanguard Cash Plus FAQ

What is the current APY on Vanguard Cash Plus?

A 3.10% APY base plus a 0.25% automatic boost through September 30, 2026, roughly 3.35% effective, as of July 2026. Inside the account you can also buy Vanguard money market funds like VMFXX with roughly 4%+ equivalent yields, which are not FDIC insured.

Is Vanguard Cash Plus FDIC insured?

The bank sweep is, via pass-through to program banks, up to Vanguard's advertised $1.25M individual or $2.5M joint limits (reconfirm on vanguard.com). Money market funds held in the account are not FDIC insured.

What are the minimums and fees?

There is no minimum deposit, no minimum balance requirement, and no monthly fee.

Source: investor.vanguard.com

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