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.
Funds in your Atomic Cash Account are deposited into one or more cash sweep program banks insured by the Federal Deposit Insurance Corporation (FDIC). While in transit to or from these program banks–or temporarily held in your Cash Account before transfer–funds are not FDIC insured.
Once deposited at the program banks, your funds are eligible for FDIC insurance coverage up to $2,500,000, based on the standard limit of $250,000 per depositor, per insured bank, per account ownership category (subject to applicable coverage limits and eligibility). Please note that funds held in your Atomic Cash Account are not protected by SIPC because they are not used to purchase securities.