Available to residents nationwide, Empower is offering a generous 3.75% APY when you open a new Casha account with a opening deposit of any amount.
Update 12/23/24: The rate has decreased to 3.75% APY from 4.00%.
Empower Cash Account Review
Empower also has investment advisers to help provide assistance for trades. Being an online institution, they are able to provide financial services at no additional expense or minimum! Being an online account, they can offer one of the highest rates! The account gives you access to online banking, eStatements, mobile banking, text alerts, and so much more.
I’ll review Empower Cash High Yield Savings Account below.
Empower Cash Account Rate
- What you’ll get: 3.75% APY
- Eligible account: Cash Account
- Credit inquiry: Soft Pull
- Where it’s available: Nationwide
- Opening Deposit: $0 Minimum
- Monthly fee: None
- Early Termination Fee: None listed, check with CSR
(FDIC Insured)
How to Earn Rate
- Open a Cash account from Empower
- Earn 3.75% APY.
| Balance Requirement | APY Rate |
| $0.01+ | 3.75% APY |
Eligibility
To open an account, you’ll need to meet the following requirements:
Keep in mind that if you are subject to IRS backup withholdings, you will not be able to open an account.
- Must be a U.S. citizen or resident alien
- Be at least 18 years old
Required information
To open an account, you will need to provide the following:
- Social Security number (SSN)
- Government-issued ID details
- External bank(s) login information accounts and credit cards
Account Features
- Aggregate FDIC insurance up to $2 million
- Need help? Get answers from real people
- No fees
- Simplify your family finances with a joint account.
- Set up direct deposit for your paychecks.
- Link to your checking for monthly bills.
- Unlimited number of monthly transfers.
- Withdraw up to $100K per day.
- No minimum balance.
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Conclusion
Empower is offering a competitive rate with the Cash Account.
In addition to the rate from Empower, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
Check back often to see the latest info on Empower Cash Account.
