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Home»Banking»What is a cash management account?
Banking

What is a cash management account?

July 30, 2025No Comments1 Min Read
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What is a cash management account?
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Feature APY Minimum deposit Monthly fee
Wealthfront Cash Account 4% $1 None
Aspiration Save Account
  • Aspiration: 1% on balances up to $10,000 with $500  in monthly debit card spend, with 0% on funds over $10,000.
  • Aspiration Plus: 3% on balances up to $10,000 with $500 in monthly debit card spend, with 0.25% on funds over $10,000.
  • Different APY structure exists when spend requirements are not met.
$10 Aspiration: Choose your own fee, even if it’s $0 Aspiration Plus tier members: $5.99 per month, billed annually
Betterment Cash Reserve account 4.00% $10 None
Empower Personal Cash account 3.75% None None
Fidelity Cash Management Account 2.21% $0 None

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