Earn more with Altruist Cash

Your partnership with Advisor now allows you access to a new Altruist Cash Account with an impressive Annual Percentage Yield (APY).

Your partnership with Advisor now allows you access to a new Altruist Cash Account with an impressive 4.30% Annual Percentage Yield (APY).

It also gives access to up to $1 million dollars in FDIC insurance for individual cash accounts and up to $2 million for joint cash accounts through their partner banks.

A high yield cash account is a great option for emergency savings, short-term goals, or an upcoming large purchase. In this case, idle cash would be earning 11x the national average*, and you’d still be able to ACH transfer your money to your bank or to another Altruist brokerage account when needed.

Note - Advisor Wealth Management DOES NOT receive any monetary incentive for you signing up, we just genuinely recommend this as a perk of your membership!

_{*Based on fdic.gov National Deposit Rate as of November 11, 2024.}_{Brokerage products and services are provided by Altruist Financial LLC, Member FINRA/SIPC.}

How to sign up

Opening an account is easy! Just fill out the below form, and your financial advisor will reach out once your account is ready to go.

Altruist Cash Account - Signup Form

FAQs

Does Advisor Wealth Management receive any monetary incentive from Altruist for having people signed up?

Advisor Wealth Management DOES NOT receive any monetary incentive for you signing up, we just genuinely recommend this as a perk of your membership!

Are there any fees associated with having an Altruist Cash account?

There are no fees tied to Altruist Cash accounts.

Is this rate locked in and guaranteed?

No. The interest rate is based on the current Federal Funds Rate which is set by the Federal Reserve. If the Federal Reserve lowers interest rates, the rate on the cash plus account will come down as well.

Can I transfer money between Altruist Cash and Altruist brokerage accounts?
Yes, seamless digital transfers (also known as journaling) between Altruist Cash accounts and brokerage accounts are permitted, given that you hold Move Money Authorization for both accounts involved. Additionally, these transfers can be arranged on a flexible schedule, including weekly, bi-weekly, quarterly, or annually, to suit your needs.

Can I withdraw cash directly from my Altruist Cash account?

Yes, you have full control over your funds in your Altruist Cash account. You can easily link a bank account for ACH deposits and withdrawals through your client portal on a desktop or via the Altruist mobile application, ensuring access to your funds wherever they are.

Are there any limits on transfers or withdrawals?

There are no limits to how many transfers clients can schedule on Altruist Cash.

Additional Resources