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 Account is a cash management account that features a bank sweep insured by the Federal Deposit Insurance Company (FDIC) and offers a competitive yield on your short-term savings. You can use the bank sweep as a low-risk place to keep cash for your immediate needs as well as for emergencies.
Can you withdraw from a Vanguard Cashplus account? ›
The Vanguard Cash Plus Account offers a high interest rate, but withdrawals and deposits are limited to online transfers.
How often is interest paid on Vanguard Cashplus? ›
Any cash in your account will earn interest daily and will normally be paid into your account on the first working day of the month.
How does a Cashplus 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.
What is a CashPlus fund? ›
Cash Plus Fund Basics
These funds usually offer a mix of short-term debt securities and money-market investments which give the opportunity to achieve higher yields than traditional cash funds.
Why am I not eligible for a Vanguard Cash Plus account? ›
Account Eligibility.
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.
Does Vanguard have a high yield savings account? ›
Vanguard's Cash Plus Account offers a 4.7% annual yield on deposited cash. And it comes with $1.25 million in FDIC coverage for individual accounts. That's a compelling FDIC-insured yield compared with traditional high-yield banks. And it's miles ahead of what major banks pay.
How long does a cash plus money transfer take? ›
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.
Does Vanguard pay interest on cash balances? ›
Interest will be earned on cash balances at a managed rate, meaning that it will be fixed and updated from time to time. The rate will be determined by reference to the interest we receive from the bank(s) we deposit your money with and the cost to us of managing cash within your account.
How long does it take for Vanguard cash to settle? ›
When you request an investment order it will usually take around three to four business days to settle and show up in your account.
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.
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.
What are Vanguard cash funds? ›
Vanguard money market funds
Our money market funds invest in cash, cash equivalents, and high-quality, short-term debt securities. They also: May be appropriate for money you'll need within the next 3 to 12 months, unexpected expenses, or goals without time frames.
Does Vanguard do cash balance plans? ›
In this video, Nathan Zahm of Vanguard Investment Strategy Group explains the ways that cash balance plans' benefit accrual and investing can be different from traditional defined benefit (DB) plans, and how a demographic investing approach can help manage their risk.
What is the difference between available cash and total cash Vanguard? ›
Your total cash reflects the cash portion of your portfolio value. It includes cash from completed trades, deposits and withdrawals but excludes any pending cash transactions. Your available cash is the cash available for trading or withdrawals.
Is CashPlus a prepaid account? ›
Contactless prepaid Mastercard - Tap your Cashplus contactless prepaid card whilst shopping to make payments that little bit easier.
