Personal Finance (US)
Personal Capital Cash™ account full review
This type of account mixes features of checking and savings accounts in the same place, but it is not provided by a typical bank. Learn all about it on the Personal Capital Cash™ review post!
Personal Capital Cash™ account: no fees and a high-interest rate
Personal Capital is a company that offers a package of financial resources and services. One of its best features remains in the fact that it doesn’t have fees. So today you will read a complete article in this Personal Capital Cash™ review.
Plus, you can get free and online access to wealth management tools and planners to optimize your financial strategies and goals.
Also, as it is held by a retirement service provider, the Personal Capital Cash™ account features amazing retirement planning.
On this post, you will learn how it works and if it is an option for you!
Intro Balance Transfer APR | None |
APY | 0.05% |
Balance Transfer Fee | No fees |
Monthly Fee | No fees |
ATM Fee | No fees |
How to apply for a Personal Capital Cash™ account?
Enjoy having an account with no fees and no minimum balance with Personal Capital Cash™. Learn how to open your account today!
How does the Personal Capital Cash™ account work?
If you are searching for a savings account, you should look for a high-interest rate with FDIC Insurance. This account meets both requirements since it has a high yield and the funds are insured.
But you must look for something else: the fees. It’s no use earning well in interest if you pay a lot of account fees. So, let me tell you that Personal Capital Cash™ account doesn’t charge fees. At all.
You must be wondering how it is possible, right? Well, some traditional features are not available yet, such as physical branches, debit cards, wire transfer, and ATM withdrawal.
However, this account won’t force you a minimum balance when opening it, as other banks will.
As a member, you will be able to access an outstanding platform where you can manage your money through an online dashboard.
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Personal Capital Cash™ account benefits
Let’s get started with the advantages. First of all, it doesn’t charge fees. It is definitely the best feature. But not the only one.
With a high yield for a savings account, it delivers a good interest payment for your pocket. And you won’t find it in the market, as traditional savings accounts don’t pay much.
There is no minimum balance required, and you can manage all your financial information in one online dashboard, such as employer paycheck, checking account, investment, and purchases.
However, no fees mean fewer features. Even though it offers many tools and a robust platform, it doesn’t have physical branches, debit cards, and ATM withdrawals.
Pros
- Savings and checking accounts in one place, with a high-interest rate and FDIC-insured
- No fees
- Robust platform
- No minimum balance required
Cons
- No physical branches
- There are no debit cards
- No ATM withdrawals and wire transfers
How good does your credit score need to be?
There is no minimum credit score or balance required to open an account at Personal Capital.
How to apply for Personal Capital Cash™?
If you are interested in learning more about how you can open an account at this company, then read our next post right below!
How to apply for a Personal Capital Cash™ account?
Enjoy having an account with no fees and no minimum balance with Personal Capital Cash™. Learn how to open your account today!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
Senior Editor
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