You work hard to save.

You deserve to enjoy it.

You’re not putting money away to never see it again. Keep it growing strong with a Ready Cash® high-yield savings account now, so you can make your hard-earned dollars work harder when the time is right.

 

High-yield

4.05% APY2

While keeping your cash accessible3

Transparent

Zero fees

No minimum balance. Cancel anytime.

Secure

FDIC insured4

Insured up to $2M.

don’t just give to your savings account. get more.

Whether it’s your family vacation savings or a just-in-case fund, you can earn 9x more interest when you put money away with Ready Cash. So go ahead, start planning the unforgettable experiences you’re dreaming of. This high-yield savings account helps get you to life’s sweeter moments sooner – and can give you some extra peace of mind.





Graph shows potential interest earned in a Ready Cash high-yield savings account as compared to a traditional savings account with an initial deposit of $10,000 over a five-year period.

This is a hypothetical illustration meant to demonstrate the principle of compound interest and is not representative of past or future returns of any specific investment vehicle.

The traditional savings account APY used in this illustration was 0.42%. This FDIC's national average savings rate, as listed at https://www.fdic.gov/resources/bankers/national-rates. This assumes a national savings rate of 0.42% as of Dec. 16, 2024.

Ready Cash APY used in this illustration is 4.05%, the current interest rate offered to Ready Cash account holders.

This illustration does not account for possible fluctuations in APY over the five-year period.

 

 

you’re in good hands

 

Edelman Financial engines is an industry leader in integrated wealth planning.

  • $300+

    Billion in Client Assets Managed

    Firm stats as of September 30, 2024

  • #1

    Independent Financial Advisory Firm Seven Years In A Row

    Awarded each September 2018 - 2024 by Barron’s, based on data within a 12-month period.

 

Frequently Asked Questions

 

 

Yes. You may open an individual or joint account.

Transactions are processed by 4:30 p.m. CT each business day. It takes three to five days for the transactions to settle, at which time the funds will be available to you. Please note that we will be closed on all national holidays.

There's no limit to the number of transactions you may make without paying a fee or being charged.


The total amount you may transfer to or from your Ready Cash account on the same calendar day may not be greater than $250,000.3 Amounts of $50 or more may be transferred into your Ready Cash account.


There is no waiting period for transferring funds to your Ready Cash account from an external linked account or to transfer recently deposited funds back to their original account.


To help prevent fraud, a 60-day waiting period may apply if you wish to move funds that have recently been deposited to your Ready Cash account to certain other types of accounts.


Please contact us if you have any questions or need help.

No. There are no fees or charges to open or maintain a Ready Cash account. Fees for specific services are shown below.

Services and Fees:
Outgoing wire fee: $40
Incoming wire fee: $12
Stop payment fee (if check writing is offered): $35

The annual percentage yield (APY) for a Ready Cash account is variable. As of Dec. 20, 2024, the APY is 4.05%.2 There is no minimum threshold balance to earn interest. The APY is subject to change at anytime, without notice, at the discretion of UMB Bank.

 

How to get started

 

 

  • 1


    Complete the sign-up form

    We’ll securely verify your identity with details like name, address, employer and Social Security number.

  • 2


    Link your bank

    Fund your Ready Cash account with as little as $50.

  • 3


    Enjoy 24/7 cash access

    View your cash reserves and complete transactions right from your Client Portal.

1 Source: FDIC's national average savings rate, as listed at https://www.fdic.gov/resources/bankers/national-rates. This assumes a national savings rate of 0.42% as of Dec. 16, 2024.

 

2 Ready Cash® Annual Percentage Yield (APY) as of Dec. 20, 2024, is 4.05% APY (3.98% interest rate). The calculation for APY is rounded to the nearest basis point. Both the interest rate and APY are variable and subject to change at UMB’s discretion at any time without notice.

 

3 Process times apply. The maximum deposit limit per business day is $250,000. The maximum withdrawal limit per business day is $250,000. For security reasons, there may be other limits on the amount, number of, or frequency of deposits and withdrawals you can make under the program. Transaction limits are subject to change at our discretion at any time. Regulation DD requires a 30-day change in terms notice to customers for changes that negatively impact customers, related to transaction limits.
 

4 FDIC insurance up to $250,000 (including principal & interest) per depositor per program bank. The cash balance you place through the program is swept to one or more program banks where it earns a variable rate of interest and is eligible for FDIC insurance. If the number of program banks changes, the aggregate amount of available FDIC insurance could be higher or lower. If you have deposits at a program bank, you should consider electing not to use that bank by following the opt out instructions we provide. If you do so, the aggregate amount of FDIC insurance available to you will be lower. If you do not do so, your existing deposits and deposits through Ready Cash™ at that program bank will be combined for the purposes of FDIC coverage, which could result in some of your funds at that program bank being uninsured.
 

For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the program banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. Funds you place in the Ready Cash™ Program are not covered by SIPC insurance.
 

Ready Cash™, a high-yield savings account, is offered through Edelman Financial Engines, LLC (“EFE”), which is not a bank. The high-yield savings account and its features are provided by UMB Bank n.a. Member FDIC (“UMB”). Participants in the program must open an account at UMB, through which your funds will be placed in accounts at participating program banks, which may include UMB. The advertised interest rates are paid by participating program banks, including UMB, in its capacity as a participating program bank. Your funds will be FDIC insured up to applicable limits while in transit through UMB. UMB receives a fee from each program bank (except UMB) in connection with the program that is based on the aggregate daily closing balance of deposits held in program accounts by such program bank. The fee may vary from program bank to program bank and will generally increase as the aggregate amount of funds held in program accounts with the program bank increases. Separately, EFE receives a fee from UMB in connection with providing and maintaining the platform for the program.

T4108802