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- Individuals
- Products & Solutions
- High-yield cash account
Money for your milestone moments
Earn 3.75% annual interest1 with no minimums. Empower Personal Cash™ helps grow your money and save for whatever comes your way.



Make cash part of your financial strategy
Cash is a critical part of any balanced portfolio. Put it to work for you in a high-yield cash account, where it earns interest.

Get above-average returns
Your money works harder for you with a 3.75% APY (annual interest rate) -- higher than the average savings account.

Earn more faster with direct deposit
The sooner your money hits your account, the more time it has to potentially grow. And with compound interest, your savings may grow faster over time.

Track your cash with your other accounts
The Empower Personal Dashboard™ securely connects all your accounts in one place, so you get the full picture of your finances.
Level-up your cash with low-risk liquidity
A secure way to grow your cash
Multi-layered security and fraud protection help keep your assets and information safe.
Withdraw up to $100,000 a day
Use it to invest, make large purchases, and even pay expenses with automated bill pay.
Unlimited transfers6, no fees
Make all the transfers you like, with no account fees or account minimums.
FAQ
Empower Personal Cash offers a higher interest rate on your cash than you might earn in a traditional checking or savings account. It provides up to an aggregate of $5,000,0001 in FDIC insurance coverage, far greater than the standard $250,000 any single bank can offer.
You’ll earn 3.75% APY for all accounts. Empower Investment Service, Wealth Management, and Private Client clients will earn 3.75% APY for all accounts. The Empower Personal Cash Program interest rates are subject to change.
There is no minimum daily balance requirement.
To open an account, you must be a US citizen or a resident alien residing in the US, age 18 or older, and not be subject to IRS backup withholdings.
There are no limits on how many deposits or withdrawals you can make. 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.6
Interest accrues daily and is paid monthly on the first business day of the month. Interest will be paid by Program Banks into the Program Accounts and will be reflected in your Customer Account. Interest begins accruing once your funds are transferred into the Program Banks, generally within 2-3 business days after a deposit is initiated.
Empower receives a fee from UMB Bank for providing and maintaining the platform for the program.
You can deposit and withdraw money through your Empower dashboard via our web site and mobile app. We currently allow ACH transfers.
You can link an external bank account to your Empower Personal Cash account to fund your new cash account. Next, you can go to the Empower Personal Cash page on your dashboard and select “Manage Account.” From there, select “Transfer Funds” to make deposits and withdrawals.
Yes! In most cases, your HR department can provide you with a direct deposit form. Just enter your Empower Personal Cash program account number and routing number (both can be found on your monthly statement) and return that form to your HR department to start making direct deposits.
We’re working on it! If there’s something specific that you’re looking for, feel free to drop us a line at cash@personalwealth.empower.com.

Multilayered security and data privacy
Industry-standard encryption, multifactor authentication, and fraud protection help keep your assets and information safe.