What is a high-yield savings account?

A high-yield savings account is a savings account offering higher rates of return on the amount deposited. These rates are better than the national average and are usually tied to specific conditions, such as maintenance fees and minimum balance requirements. A key term here is “APY” (annual percentage yield).

Why consider high APY savings account instead of another account type?

If you wish to access your money regularly or fast then a high APY savings account is definitely for you, especially an online account. With an online account, you have 24/7 (and secure) access to your funds and typically have to pay fewer fees than traditional banks.

High Yield Savings Account

Make your money do the work. Earn up to 5% APY on your hard-earned cash, paid out daily.

Open an account in minutes. Launching Fall 2021.

Get early access to the Cashero app and earn a chance to win $1,000 every 3 days! Terms and conditions apply.

Deposit

Total Interest

1,250

Interest Rate

5% APY

Term

Final balance is

6,250

Inflation-beating 5% APY
Interest paid out daily
Deposit or withdraw your money at any time
EU licensed & regulated financial institution

Earn the Cashero Way

You want to earn interest on your money, right? We understand. You've come to the right place.

If your money is sitting in a bank account, chances are you’re losing money. High yield savings account interest rates should beat inflation and make you money. Unfortunately, most don’t.

Introducing a first-of-its-kind approach to high yield savings. Cashero, the superhero your hard-earned money has been waiting for.

How Does Cashero’s High Yield Savings Work?

We get you the best high-yield interest rates (between 2%-5% annually) by managing an intelligent portfolio for you. Do that thing rich people do, earn money while you sleep. Leave the hard work of optimizing your finances to Cashero and watch your money grow.

How it Works. It’s Simple.

Sign up for Cashero.

Add funds into your Account.

Earn up to 5% APY. Yep, that simple.

Ready to earn more? Growing your wealth is easy with Cashero's high-yield savings account.

Cashero Works Across the Globe

Frequently Asked Questions

How do I open a high-yield savings account?

To open an account with Cashero, simply download the app to your smartphone, sign up to make a profile, add money to your account and you will automatically start earning inflation-beating interest rates of 2%-5% APY.

How can I see how much interest I’ve earned?

On the main Wallet screen within the Cashero app, you’ll be able to click on Chart View. Here you can see how much you’ve invested and your earnings over different periods of time.

What is APY?

APY stands for annual percentage yield. It measures your interest rate over a year, including the effects of compounding. It represents how much you will earn from your investment in one year.

Are there fees associated with Cashero’s savings account?

The short answer is no. The long answer is also no. Rest at ease knowing your money can grow without fees eating away at your earnings.

Is my money safe?

Yes. Your money is protected using multi-party computation (MPC) and hardware isolation with Intel SGX enclaves. It sounds complex and it is, on purpose. These security layers ensure your money and information is safe and protected.