Earn more interest on your cash.

Get 4.00% APY with the Altruist Cash account.

Higher Yield

4.00% APY is almost 10 times the national average.1

FDIC Insurance

Access up to $1 Million for individual accounts and $2 Million for joint accounts through partner banks.

Same Day Transfers

Get the freedom and flexibility of accessing your money whenever you need it.

No Minimum Balance or Fees

With $0 balance requirements and no annual fees, great yield is accessible to everyone.

Feel good about your money.

Altruist is on a mission to make financial advice better, more affordable and more accessible.

Who is Altruist?

Altruist is a modern financial custodian, who is responsible for safekeeping client assets, settling trades, and – just like Charles Schwab, and Fidelity – adhering to a strict set of policy and regulatory requirements.

With Altruist, you can open and fund your Cash Account in minutes, track your progress, download statements, tax documents and other essential information in a few clicks.

It’s easy, simple, and intuitive!

The way money should feel.

 FAQs

  • Yes! Through your Altruist Cash account, your funds are seamlessly deposited into Program Banks where they are eligible for FDIC insurance. Altruist Financial uses more than one Program Bank to allow for FDIC coverage of up to $1 Million for an individual account and up to $2 Million for joint accounts. Learn more here.

  • Absolutely! You have full control over your money inside the Altruist Cash account. You can easily link a bank account for ACH deposits and withdrawals through the Client Portal or via the Altruist mobile app, ensuring access to your funds whenever you want.

  • There are no limits to how many transfers, deposits or withdrawals you can make in the Altruist Cash account.

  • Of course! Seamless digital transfers between Altruist Cash and brokerage accounts are available. You also have the option to schedule these transfers on a weekly, bi-weekly, quarterly, or annual basis, to suit your needs.

  • You’ll receive an email from hello@altruist.com inviting you to setup your Altruist Cash account. Accept your invitation and create your Altruist username and password. Lastly, log in to Altruist and follow the recommended next steps.

    Learn more on how to get starter with Altruist here.

  • Altruist offers a mobile app in both the Apple App Store and Google Play Store.

  • Click here to access the Altruist Client Portal.

  • In the online portal, visit your settings, click Accounts, then click Add Bank. On the mobile app, click on Transfers and click through either deposits or withdrawals, to Add Bank. Once you have a bank linked, you can easily transfer funds in and out of Altruist.

  • To set up recurring transfers, simply click on Add Funds on the website or Transfers on your mobile app. You can determine if you’d like to transfer weekly, bi-weekly, monthly, or quarterly.

  • Click here, to get access to a collection of educational videos to get more out of the Altruist client portal. You can find these vides towards the bottom of the page.

  • Altruist keeps your information safe with around the clock monitoring and AES 256 encryption. They engage a PCAOB independent auditor to conduct a report on their system of controls related to information security. Altruist earned a SOC 2 Type 1 Report under AICPA standards. This means that an independent auditor has examined their systems and controls for the security, confidentiality, processing integrity, availability, uptime, continuity, and privacy of your data. A SOC audit confirms that the systems and controls related to data security and privacy at Altruist are suitably designed and operating effectively to achieve their outcomes of ensuring safe, secure, and reliable transmission, storage and processing of data.

    Learn more here.

  • In the event a client’s cash and/or securities are lost due to unauthorized activity, Altruist Financial LLC will reimburse such losses, so long as a handful of security measures and contact information are maintained (e.g., unique password, two-factor authentication, etc.). More information about the Asset Protection Guarantee can be found here.

  • Altruist’s fees are simple, transparent, and as good or better than the legacy alternatives. You can get a copy of the Fee Schedule here.

1. The national average interest rate for savings accounts as posted on FDIC.gov, as of December 16, 2024.

The Annual Percentage Yield (“APY”) for the Altruist Cash accounts (“Altruist Cash”) is variable and may change at any time. The amount of interest you will receive on your deposits will vary based on a number of factors. Accrued interest is paid on the last business day of the month directly into the Altruist Cash account. View the disclosures to learn more.

Altruist Cash is offered through a separate account at Altruist Financial LLC (“Altruist Financial”) that is opened solely for participation in Altruist Cash. Neither Altruist Financial nor any of its affiliates are banks. Altruist Financial deposits cash in the Altruist Cash account  with one or more banks ("Program Banks" see the Altruist Financial LLC Participating Bank List on altruist.com/legal for list) that accept and maintain such deposits. Through Altruist Cash, clients' cash is deposited into Program Banks where the cash earns a variable interest rate and is eligible for FDIC insurance. Cash is not eligible for FDIC insurance until the cash is deposited at the Program Banks. Cash in the Altruist Cash account that is awaiting to be deposited in, and cash in transit to or from, Program Banks, may not be eligible for coverage under SIPC. SIPC coverage does not apply to cash deposited with Program Banks. FDIC insurance is limited to $250,000 per depositor, per FDIC-insured bank, per ownership category and is subject to conditions. More information can be found in the Altruist Cash Disclosure Statement and the Altruist Financial LLC Participating Bank List, both available on altruist.com/legal. FDIC coverage can be impacted by several things, including but not limited to deposit capacity at a Program Bank and/or if a client holds cash at a Program Bank, including through this or additional sweep programs. Clients are responsible for monitoring their total assets at each of the Program Banks, whether through Altruist Financial accounts or accounts with other financial intermediaries, to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. For more information on FDIC insurance coverage, please visit FDIC.gov. 

Deposits to Altruist Cash made prior to specified cutoff times, will be deposited with Program Banks same day. Any deposits made after the cutoff time will be deposited with Program Banks the following business day. Cash deposited via ACH or Check may take three (3) or more business days for the funds to become available for deposit. Customers can initiate withdrawals at any time from the Altruist Cash account. View our disclosures to learn more.

Clients should carefully review the information provided on altruist.com/legal to determine whether Altruist Cash is an appropriate product for their specific financial needs. Retail clients must work with a Registered Investment Advisor to open an Altruist Cash account. Securities trading is not possible in the Altruist Cash account.