M1 Plus Spend Checking Interest Rate Disclosure
As an M1 Plus Member, you’ll receive 1% APY on your checking account. There is no minimum balance required to open an account. There is also no minimum balance required to obtain APY (Annual Percentage Yield). The APY is valid from account opening. Fees may reduce earnings and rates may vary.
M1 Spend checking accounts furnished by Lincoln Savings Bank, Member FDIC. M1 Visa® Debit Card issued by Lincoln Savings Bank, Member FDIC.
M1 and M1 Plus Borrow Rate Disclosure
M1 members can access a 3.5% borrow rate and M1 Plus members can access a 2% borrow rate. The M1 borrow interest rate is based on short-term interest rates and is subject to change if and when the Federal Reserve changes their target for the Federal Funds rate. M1 rates are current as of March 2020. M1 borrow is available on margin accounts with at least $10,000 and is not available for retirement accounts.
Investing involves risk, including risk of losing the money you invest. Borrowing on margin can add to these risks, including losing more than your initial deposit. You should review M1’s Margin Account Agreement and Margin Disclosure Statement before borrowing.
Brokerage products are not FDIC insured, have no Bank Guarantee, and may lose value.
Brokerage products and services offered by M1 Finance LLC, Member FINRA/SIPC.
M1 Plus Disclosure
M1 Plus is an annual membership that confers benefits for products and services offered by M1 Finance LLC and M1 Spend LLC, each a separate, affiliated, and wholly-owned operating subsidiary of M1 Holdings Inc. “M1” refers to M1 Holdings Inc., and its affiliates.