Cash Management Accounts: Elevate Your Uninvested Funds with the Best Robo-Advisors
Leading Cash Management Accounts from Robo-Advisors, Each Accomplishing Excellence in May 2025
Make the most of your uninvested cash by choosing the perfect robo-advisor cash management account. We've handpicked the crème de la crème of financial management platforms to help you make an informed decision. Whether you're a beginner or a seasoned investor, here are the best options for May 2025:
- Best Overall: Betterment
- Zero fees, no minimum balance
- Earn impressive interest rates with a 4.50% APY (for new customers)
- Cash Reserve account available, plus free worldwide ATM withdrawals
- No interest earned on cash in checking account
Betterment takes the crown as our top choice, offering a stellar balance of free fees, high APY, and convenient features that cater to a wide range of investors. Its Cash Reserve account is impressively competitive, while its checking account provides added benefits like free withdrawals from any ATM worldwide and a debit card that earns cash back on purchases.
- Best for Paycheck Direct Deposit: Wealthfront
- 4.00% APY on all balances
- Free withdrawals from 19,000+ ATMs
- Up to $8 million in FDIC coverage
- Get paid up to two days early with direct deposit
If you're looking to receive your paycheck earlier, Wealthfront is the go-to choice. This fantastic robo-advisor offers a high APY on your savings account and provides rapid transfers 24/7, allowing you to access your money quickly. However, it does not offer access to human advisors, and there is a $2.50 fee for out-of-network ATM use.
- Best for Traditional Banking Services: Merrill Guided Investing
- Check writing and bill pay linked to investment account
- Access to Bank of America ATMs
- $200 annual reimbursement for out-of-network ATM fees
- Above-average fees with a $125 annual charge for the cash management account
For a more traditional banking experience, Merrill Guided Investing offers industry-leading features, such as check-writing, bill pay, and ATM access directly from your investment account. Merrill's ATMs have seamless integration with Bank of America, and the platform will reimburse up to $200 annually for out-of-network ATM fees. Just keep in mind that the cash management account includes a relatively high annual fee of $125 and only insures up to $250,000.
- Best for Earning a High Interest Rate: Titan
- 4.23% APY on cash
- Optimized for tax savings
- Daily search for highest Treasury fund returns
- Electronic deposits and withdrawals only
If you're after the highest possible return on your uninvested cash, Titan's Smart Treasury account is a top pick. Its unique approach to finding the best return on your uninvested cash while considering tax implications sets it apart from the competition. While it is focused solely on interest rates, it is worth noting that it does not provide banking features like debit cards or checks.
Why Trust Us:We at Investopedia pride ourselves on helping readers make informed decisions about financial management since 1999. Our dedicated team of editors and research analysts evaluated 20 robo-advisor cash management accounts based on 53 critical factors, Reviewing each platform for fees, APY, ease of use, and more, provides unbiased, comprehensive reviews to ensure our readers choose the best robo-advisor for their cash management needs.
With these excellent choices laid out, you’re well on your way to making the most out of your uninvested cash while enjoying the convenience of seamless integration and modern financial management solutions. Start investing today and watch your funds grow!
- In the dynamic world of finance and technology, known as Fintech, traders may consider investing in initial coin offerings (ICOs) alongside traditional methods like cash management accounts.
- For individuals who are interested in personal finance and the crypto industry, cash management accounts like Betterment offer impressive interest rates and convenience that can complement their investing portfolios.
- The trading and investment industry continue to innovate with robotic-advisory services, providing solutions for business cash management and revolutionizing banking-and-insurance practices.
- Similar to traditional banking-and-insurance, robo-advisors like Merrill Guided Investing offer checks and bill pay services, bridging the gap between the old and new worlds of finance.
- As the crypto industry matures and its integration with Fintech becomes more intricate, traders and investors can expect advanced financial technology solutions like smart Treasury accounts with high interest rates to support their personal-finance objectives.
