Full Disclosure
The boosted 4.65% Annual Percentage Yield (APY) is offered on up to $250,000 in deposits for the first 6 months when you open a Cash Account offered by Atomic Brokerage LLC and deposit funds within 14 days. Balances above $250,000 will earn the standard 4.00% APY. After the 6 month introductory period, all balances will earn the standard 4.00% APY. The 4.65% boosted introductory APY is available through NerdWallet’s promotional program. APYs are accurate as of 07/14/2025 and are subject to change without notice.
NerdWallet is not affiliated with, but has an engagement with, Atomic Brokerage LLC (“Atomic Brokerage”), a registered broker-dealer and member FINRA/SIPC, to bring you the opportunity to open a brokerage account ("Cash account") in which cash is swept into unaffiliated bank deposit accounts opened for you by, and in the name of Atomic Brokerage as agent and custodian. Atomic Brokerage shares fees from the cash sweep program banks with NerdWallet for each referred client who opens a Cash account, which creates a conflict of interest. For more details about Atomic Brokerage, please see their Form CRS, General Disclosures, Privacy Policy and fee schedule. Check the background of Atomic Brokerage on FINRA’s BrokerCheck. Neither Atomic Brokerage, nor any of its affiliates, is a bank.
For details about the Atomic Brokerage Cash Sweep Program, see the full Cash Sweep Terms & Conditions. You should not expect cash deposited in an Atomic Brokerage account used solely for the purpose of accessing the Cash Sweep to be protected by SIPC or FDIC insurance, and cash is only protected by FDIC insurance (subject to coverage limits and eligibility requirements) once deposited by Atomic Brokerage in the unaffiliated bank deposit accounts. If you prefer your cash to be invested in a Money Market Fund eligible for SIPC coverage, you must send an email to [email protected] to discuss your options.