Vanguard Cash Plus
"What's the minimum balance requirement to open and maintain a Vanguard Cash Plus account?"
None!
"Can I open a Cash Plus IRA?"
The Vanguard Cash Plus Account can be opened in nonretirement individual, joint, trust, and organization registration types.
"When quoting the APY of the Cash Plus Program... how many decimal places must you provide?"
Two.
"What is FDIC insurance?"
"FDIC insurance is a U.S. government-backed guarantee that protects depositor funds in checking, savings, and CDs, in the event of a bank failure."
"Can I write checks on my Vanguard Cash Plus account?"
No
"I'm a US citizen living abroad. Can I open a Vanguard Cash Plus account?"
United States citizens moving/living abroad are currently not able to open a Cash Plus Account.
"Does the Cash Plus Account APY apply to the money market funds within that account?"
No
"What are the FDIC insurance limits per account type?"
FDIC insurance limits are guaranteed up to $1.25 million on identically registered individual and trust accounts, and $2.5 million on identically registered joint accounts when at least 6 program banks are utilized.
"What's the most amount of money I can ACH into or out of my Vanguard Cash Plus account?"
For CLIENTS...
$100,000 to Deposit and $100,000 to Withdraw
For THIRD PARTIES...
None
"Can I open a Joint Cash Plus Account?"
Joint Cash Plus Accounts may be opened under the registration of joint tenants with right of survivorship or tenants in common only.
"Who does Vanguard partner with to let clients access program banks?"
Intra-Fi
"Can I lose money by investing in the Vanguard Federal Money Market Settlement Fund?"
Yes.
"I need to wire money to an Escrow Company for a house closing out of my Vanguard Cash Plus account but I can't figure out how to do this on the website. Can you submit it for me?"
Outgoing, domestic wires can only be sent to an authorized bank on file. Currently, one-time wires / payments (e.g., sending a one-time wire as payment for a new home) are not possible.
"What's the difference between the Vanguard Cash Plus Account and the Vanguard Cash Deposit?"
STANDALONE vs VBA Settlement-Fund Alternative
"Can I have multiple Cash Plus accounts?"
Yes!
"I'm a brand new investor with no existing Vanguard accounts. Can I open a Cash Plus account?"
Yes! All prospective Vanguard clients can open a Cash Plus account.
"How much does the Vanguard Cash Plus account pay?"
When quoting the APY in client conversations crew must state the following:
Term "APY" or “Annual Percentage Yield”
Specify that the APY is for the “Cash Plus Program”, “Cash Plus Bank Sweep”, “Cash Plus Bank Sweep Program” or “Cash Plus Sweep Program”
Provide the percentage to 2 decimal places. For example, 3.70% would be cited as “three-point seven zero percent”
State the as-of date
Specify that the current APY is boosted, or reflective of a promotional rate through September 30, 2026
Disclose that APY may change at any time.
APY cannot be estimated. Exact APY is always required.
"Can I choose which money market fund is my settlement fund?"
No. The only Money Market Fund that can be a Settlement Fund is VMFXX. The Vanguard Cash Deposit is not a money market fund.
"Is every account type eligible for Cash Plus?"
IRA’s, accounts for minors, Joint w/ more than 2 owners, single-member LLC’s
"What can I hold in my Cash Plus account besides Cash?"
- Cash Reserves
- Municipal
- Treasury
- California Municipal
- New York Municipal