| Insights: Brian weighs in on what’s to come for M1 |
We’re one quarter into the new year, and, behind the scenes, our CEO Brian Barnes and the entire M1 team have been hard at work building on what we started nine years ago.
Now we’ve got some exciting updates for our users.
I sat down with Brian to talk about the new High-Yield Cash Account, the economy, and what M1 clients can look forward to. |
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Mark your calendars! This Wednesday, April 24th, please join us for an AMA with Brian on the M1 Reddit page at 12pm ET/11am CT. Then, on Thursday, Brian will take part in a live discussion on
X Spaces at 11am ET/10am CT. See you there!
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| The High-Yield Cash Account is the new kid on the M1 block |
Last week, we launched the new M1 High-Yield Cash Account, where users can earn 5.00% APY¹ on their uninvested cash.
“M1 really wants to offer a comprehensive personal finance platform that meets every individual's financial needs,” Brian said. “And so we look to offer valuable yield that you get on uninvested cash, offer an automated investing platform, and easy ways to spend money.” |
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Brett Holzhauer, Content Marketing Manager |
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What’s the difference between the “My Pies” section and the portfolio tab?
A: The "My Pies" section is a sandbox space. It gives you the ability to play around with pie creation, while not immediately adding these new investments to your active portfolio.
The Portfolio tab under invest shows you your active portfolio and investments. If you create a pie in the "My Pies" tab that you want to add to your active portfolio, you can click "add to portfolio" and it will be added to your active portfolio.
You can find more info in our Help Center here. |
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Thanks for choosing M1,
The M1 Team |
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Brokerage accounts on the M1 platform are either fully disclosed to APEX Clearing or cleared through M1 Finance LLC. Please look at your account statement to determine how your account is cleared.
All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future performance. Using margin can add to these risks. Users utilizing APEX cleared margin accounts should review the APEX margin account risk disclosure before borrowing. Users utilizing M1 cleared margin accounts should review the M1 margin account risk disclosure
before borrowing. M1 Margin Loans are available on margin accounts with at least $2,000 invested per account. Not available for Retirement or Custodial accounts. Margin rates may vary.
Brokerage products and services are offered by M1 Finance LLC, Member FINRA / SIPC, and a wholly owned subsidiary of M1 Holdings, Inc.
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M1 High-Yield Cash Account(s) is an investment product offered by M1 Finance, LLC, an SEC registered broker-dealer, Member FINRA / SIPC
. M1 is not a bank and M1 High-Yield Cash Accounts are not a checking or savings account. The purpose of this account is to invest in securities, and an open M1 Investment account is required to participate in the M1 High-Yield Cash Account. All investing involves risk, including the risk of losing the money you invest.
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M1 is not a bank. M1 Spend is a wholly-owned operating subsidiary of M1 Holdings Inc. M1 High-Yield Savings Accounts are furnished by B2 Bank, NA, Member FDIC.
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Credit Card not available for US Territory Residents. The Owner's Rewards Card by M1 is Powered by Deserve and issued by Celtic Bank. Review Cardholder Agreement and Rewards Terms
for important information about the Owner's Rewards Card by M1.
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1Stated APY (annual percentage yield) with the M1 High-Yield Cash Account is
available from date of account opening and is accrued on account balance.
Obtaining stated APY requires a minimum initial deposit of $100. APY is solely
determined by M1 Finance LLC and its partner banks, and will include
administrative and account fees that may reduce earnings. Rates are subject to
change without notice. M1 High-Yield Cash Account is a separate offering from,
and not linked to, the M1 High Yield Savings Accounts offered by M1 Spend
LLC’s banking partner. M1 is not a bank.
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This is an automated message, and we will not receive your response if you reply. M1 is a technology company offering a range of financial products and services. “M1” refers to M1 Holdings Inc., and its wholly-owned, separate affiliates M1 Finance LLC, M1 Spend LLC, and M1 Digital LLC.
M1 newsletters reflect the opinions of only the authors who are associated persons of M1 and do not reflect the views of M1. They are for informational purposes only and are not a recommendation of an investment strategy or to buy or sell any security in any account. They are also not research reports and are not intended to serve as the basis for any investment decision. Prior to making any investment decision, you are encouraged to consult your personal investment, legal, and tax advisors. Any third-party information provided therein does not reflect the views of M1.
All investments involve risk including the loss of principal and past performance does not guarantee future results. Brokerage products and services offered by M1 Finance LLC, Member FINRA / SIPC.
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