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Empower Personal Cash logo

Earn 4.45% APY, hassle free

Introducing Empower Personal Cash, where you could earn up to 11x more in one month than the national savings account average.* It's never been easier to save with no fees.

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Empower Personal Cash™ Program is offered through Empower Personal Wealth, LLC (“Empower”). Empower is not a bank. Bank deposit products provided by UMB Bank n.a., Member FDIC (“UMB”). To participate in the program, you must open an account at UMB, through which your funds will be placed in accounts at participating program banks (which may include UMB). The advertised interest rates are paid by participating program banks, including by UMB in its capacity as a participating program bank. Your funds will be FDIC insured up to applicable limits while in transit through UMB. UMB receives a fee from each program bank (except UMB) in connection with the program that is based on the aggregate daily closing balance of deposits held in program accounts by such program bank. The fee may vary from program bank to program bank and will generally increase as the aggregate amount of funds held in program accounts with the program bank increases.

The Empower Personal Cash™ Annual Percentage Yield (APY) as of 5/10/23 is 4.45% APY (4.362% interest rate). The calculation for APY is rounded to the nearest basis point. Both the interest rate and APY are variable and subject to change at UMB’s discretion at any time without notice.

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Sign up

Enter your information to begin the simple online application process.


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Link accounts

Add at least one bank account to your Dashboard. No minimums required!

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Transfer funds

Once approved, you can transfer your funds from your existing bank (turnaround time is generally 1-2 business days).

Get more with Empower Personal Cash

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No fees

Not now, not for anything. Why should you have to pay for withdrawing your money?

No minimum balance

Got a dollar, drop it in. Literally that’s all it takes to start earning with Empower Personal Cash.2

FDIC insured

Not only is your money covered by the FDIC, but you also get 20X1 more coverage than the average offer — up to an aggregate of $5,000,000.

Earn even more

Watch your savings account grow by earning more than the average national rate.*


You also get our free financial tools

Gain free access to our dashboard that includes the Retirement Planner, Investment Checkup, and more with your Empower Personal Cash account.

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The information provided in your account application is being provided by you to UMB. . UMB may share this information with UMB’s affiliates and with EMPOWER, each of which may use this information in accordance with its respective privacy policy. Upon acceptance of the application, an account will be opened with UMB.

* The national average savings account interest rate is reported by the FDIC (as of 5/15/2023) as the average annual percentage yield (APY) for savings accounts with deposits under $100,000.

1 FDIC insurance up to $250,000 (including principal & interest) per depositor per program bank. The cash balance you place through the program is swept to one or more program banks where it earns a variable rate of interest and is eligible for FDIC insurance. If the number of program banks changes, the aggregate amount of available FDIC insurance could be higher or lower. If you have deposits at a program bank, you should consider electing not to use that bank by following the opt out instructions we provide. If you do so, the aggregate amount of FDIC insurance available to you will be lower. If you do not do so, your existing deposits and deposits through Empower Personal Cash™ at that program bank will be combined for the purposes of FDIC coverage, which could result in some of your funds at that program bank being uninsured.

For more information on FDIC insurance coverage, please visit Customers are responsible for monitoring their total assets at each of the program banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. Funds you place in the Empower Personal Cash™ Program are not covered by SIPC insurance.

2 There are no limits on the number of deposits or withdrawals you can make under the program. The maximum deposit limit per transaction is $250,000. The daily withdrawal limit is $25,000 unless in certain cases, you maintain a Personal Strategy account with Empower Advisory Group, LLC, or your account was opened and funded more than 60 days before the withdrawal, in which case the daily withdrawal limit is $100,000. For security reasons, there may be other limits on the amount, number, frequency, or destination of deposits or withdrawals you can make to or from the program. Transaction limits are subject to change at our discretion at any time.

“EMPOWER” and all associated logos and product names are trademarks of Empower Annuity Insurance Company of America. This material is for informational purposes only and is not intended to provide investment, legal, or tax recommendations or advice.
©2023 Empower Annuity Insurance Company of America. All rights reserved.