EARN MORE ON YOUR
CASH—PLUS EXCLUSIVE
PERKS FOR CLIENTS

Ready Cash® offers a competitive rate of 0.10% boost for clients,1 FDIC coverage beyond traditional savings account limits,2 and access to comprehensive financial guidance. 

 

High-yield

4.05% APY1,3

While keeping your cash accessible4

Transparent

Zero fees

No minimum balance. Cancel anytime.

Secure

FDIC insured2

Insured up to $2M.

BIG BANKS WON’T TELL YOU THIS. YOUR CASH DESERVES BETTER.

Traditional savings accounts typically offer next to nothing.5 Ready Cash® can help you grow your money faster. Whether you’re saving for the good times or preparing for the unexpected, this high-yield account can give you more flexibility with the security of FDIC insurance.






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 0.41%. This FDIC's national average savings rate, as listed at 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 $250,000.4 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 Edelman Financial Engines (“EFE”) Ready Cash® Promotional Program (the Program”) Terms and Conditions: The Program is available to select Ready Cash® customers (“Eligible Customers”) who have a Ready Cash® account and enroll in the EFE advisory service, thereby becoming an advisory client (an Advisory Client”). Eligible Customers will receive a higher APY than the standard APY (“Promotional Rate”) on their Ready Cash® balance. The Promotional Rate begins after the Advisory Client executes the EFE Client Service Agreement and continues as long as the Advisory Client remains enrolled in the advisory service. Processing times may vary. If an Advisory Client terminates the advisory service, they cannot re-enroll in the Program. EFE reserves the right to modify or terminate the Promotional Rate at any time without notice. Eligibility and participation decisions are at EFE s sole discretion, including disqualifications due to suspected fraud or violations of the Program terms. All taxes, fees, and expenses are the responsibility of the Eligible Customer and Advisory Client. Earnings from the Program will vary based on changes to your Ready Cash® balance and the standard APY, which can be changed at any time, without notice, at the discretion of UMB Bank, n.a. Member FDIC.
 

2 FDIC deposit insurance is available up to $250,000 (including principal and interest) per depositor at each program bank that participates through UMB Bank in the Ready Cash® program. The cash balance that you place at UMB Bank through the program is swept to one or more program banks, where it earns a variable rate of interest and is eligible for FDIC deposit insurance. If the number of program banks change, the aggregate amount of FDIC deposit insurance available to you may be higher or lower. If you have deposits outside the Ready Cash® program at a program bank, you should consider electing not to use the bank in the Ready Cash® program by following the opt-out instructions we provide. If you elect to opt-out, the aggregate amount of FDIC deposit insurance available to cover your Ready Cash® account will be lower. If you do not opt-out, your deposits through Ready Cash® and your other deposits at the same program bank will be combined for the purpose of determining your FDIC deposit insurance coverage at the bank, which could result in some of your deposits at that program bank being uninsured. For more information on FDIC deposit insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each program bank to determine the extent of FDIC deposit insurance coverage to them in accordance with FDIC rules. 
 

3 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.
 

4 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.

5 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 0.41% as of Mar. 17, 2025.
 

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.
 

The information provided in your account application is being provided by you to UMB and EFE simultaneously, each of which may use this information in accordance with its respective privacy policy.

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