Looking to park your cash somewhere it can actually work for you? Public’s High-Yield Cash Account isn’t just another savings option – it’s a no-brainer for anyone who wants their money to pull its weight. With a jaw-dropping 4.35% APY, zero fees and up to $5M in FDIC insurance, Public is rewriting the rules of high-yield accounts. And here’s the kicker: folding your cash into investments is ridiculously easy whenever the market calls your name.
Earn a 4.35% APY
Let’s talk numbers. The average high-yield savings account in 2024 offers around 4% APY – not bad. But Public comes in swinging with 4.35% APY and adds a little extra magic: unparalleled flexibility. Unlike traditional high-yield accounts that bury you in restrictions, Public allows you to move your money whenever you want, with no fees or withdrawal limits.
For context, a $10,000 deposit could net you $435 annually. Compare that to leaving your cash in a standard savings account and earning peanuts and it’s clear who’s winning this game.
No Fees, No Subscriptions, No Hassles
Public doesn’t play games with fees. You won’t find hidden charges, sneaky maintenance costs or subscription traps here. It’s your money and Public lets you keep more of it. Plus, depositing and withdrawing cash is as easy as ordering your favorite takeout – no red tape, no stress.
Unmatched FDIC Insurance: Up to $5M in Coverage
Feeling uneasy about parking large sums of cash? Public has your back with up to $5 million in FDIC insurance – a whopping 20 times the standard coverage traditional banks offer. How? Public partners with 20+ banks, pooling their insurance to protect your money. Whether saving for a rainy day or safeguarding a windfall, Public ensures your cash is secure.
Easy Access to Investment Opportunities
What sets Public apart is how seamlessly it integrates your high-yield cash with investment opportunities. Spot a hot trend in stocks or see Treasury yields surging? Your cash is ready to deploy with just a few clicks.
Public also offers modern tools to help you evaluate and invest in corporate bonds, municipal bonds and Treasury bills. With the highest 6-month Treasury rates in over 20 years, Public lets you diversify your portfolio without leaving the platform. Imagine earning 4.35% APY on cash while strategically investing in bonds yielding 6.8% – that’s next-level financial optimization.
The Modern High-Yield Account for Savvy Savers
Public’s High-Yield Cash Account isn’t just about great rates; it’s about giving you total control. No fees, no limits, no strings – just a smarter way to grow your money. And when you’re ready to invest, Public’s built-in tools make it seamless to move from saver to investor.
If you’re tired of banks that treat your money like their money, it’s time to make the switch. Earn more, stress less and prepare your cash for whatever comes next.
Read our full Public.com review to learn why this platform changes our thoughts about savings and investments. The future of personal finance is here and it’s looking mighty fine.
About Ryan Peterson
Ryan Peterson is a seasoned personal finance writer with a Bachelor’s Degree in Business from Indiana University. With over five years of experience, Ryan has crafted insightful content for multiple finance websites, including MoneyLion At Benzinga, he brings his expertise and passion for helping readers navigate the complex world of personal finance and investing, empowering them to make informed financial decisions.