Cash App Money Market Account Review 2026

Cash App, which started out as primarily a money transfer company, offers other financial services now, including the ability to borrow money, buy stocks and keep your savings there. The savings feature could get you a decent yield, but only if you meet some requirements. If you’re looking for a great high-yield savings account with no strings attached, you can easily find one, especially at an online bank. You can also keep a separate balance in your Cash App to use for things like debit purchases, direct deposit and bill payment. And transfers from that section of your balance to savings are easy. But we didn’t score or review this feature because even though it functions like a checking account, it’s not billed or strictly defined as one and doesn’t include check-writing privileges. Neither of these accounts are strictly “deposit” accounts because Cash App isn’t a bank. Money you keep in savings or in your spending balance is only FDIC-insured (through partnering chartered banks) when you meet requirements, such as having the Cash App debit card. To get FDIC insurance without having to keep track of requirements, consider a standard bank, whether online or brick-and-mortar, instead.

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