By Marc C. Shaffer
In today’s higher interest rate environment, it’s crucial to review the yield on your bank savings and money market accounts.
For example, as of May 2024, the national average rate for regular savings accounts was 0.45%, while many high-yield savings accounts were offering an Annual Percentage Yield (APY) of around 5.00%.
One option that has remained competitive (among others) is Flourish Cash.
Key Features of Flourish Cash:
- Competitive Yield: Flourish Cash provides a yield on account balances designed to remain competitive with prevailing market rates.
- Increased FDIC Insurance: Funds are allocated across FDIC-member Program Banks, providing extended insurance coverage.
- No Minimum Balance: Open an account with any amount.
- Zero Account Fees: Enjoy fee-free banking.
- Easy Online Access: Open and manage your account online with ease.
- Simple Transfers: Link to your existing bank account for seamless transfers.
When we work with clients, we typically suggest maintaining a comfortable balance in a primary bank account for bill payments, while moving excess cash to a high-yield savings account, such as Flourish Cash to benefit from the higher yield.
Account Types Available:
- Individual
- Revocable Trusts
- Corporations
- Limited Liability Companies
- Joint Accounts
- Partnerships
- Nonprofit organizations
Extended FDIC Insurance Limits:
- Individual accounts: Up to $7.5 million
- Joint accounts: Up to $15 million
- Business or nonprofit accounts: Up to $7.5 million
Visit https://www.flourish.com/rates for up to date information.
New Feature Enhancement
Flourish Cash now includes “Buckets,” which allow you to assign your savings to specific categories or financial goals. You can create up to 20 custom buckets per account, add nicknames, set dollar amount goals, and even automate how deposits are divided across each category. Buckets make it easier to stay organized and track progress toward goals such as travel, emergency savings, home projects, business payroll, or taxes.
For more information, visit www.flourish.com/clients/cash.
Interested in opening an account? Let us know, and we can have an invite sent directly to you.
As always, we’re here to answer any questions you may have about this or any other financial matter.
Please note: The information published was believed to be correct at the time of publishing. Please review all due diligence information provided directly from this company, or any other company, before making a decision.
Sources:
https://www.synchronybank.com/blog/what-is-a-high-interest-savings-account/
https://www.cnbc.com/select/high-yield-savings-account/
https://www.bankrate.com/banking/savings/best-high-yield-interests-savings-accounts/
The opinions expressed herein are those of certain Searcy Financial® Services, Inc. personnel and are subject to change without notice. The opinions expressed are as of the date of publication and are subject to revision due to changes in the market or economic conditions, which may not necessarily come to pass. Any opinions, projections, or forward-looking statements expressed herein are solely those of the author, may differ from the views or opinions expressed by others in the firm, and are meant for general informational purposes as of the date indicated. Searcy Financial® Services, Inc. is not compensated by this vendor, nor are there material conflicts of interest that would affect the given statement.
Post updated December 4, 2025