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Vanguard Cash Plus & Money Market Rates

Latest rate data:

Savings Accounts

Vanguard Cash Plus

Bank sweep / cash account · FDIC

3.50%

APY

Minimum balance
$0
Opening deposit
$0

The provider disclosed an automatic 0.25 percentage-point APY boost through September 30, 2026. Check the provider for the current base rate and promotion status.

Account details & sources
Last checked
Nov 14, 2026
Provider date
Nov 14, 2026
Last attempt
Nov 14, 2026
Observed change
0.00 pp

Bank sweep through participating banks; Vanguard is not a bank.

No ATM card or checkwriting. E-delivery waives the account service fee; transfer holds and limits apply.

The graph shows the APY including the automatic boost. Base-only readings between matching 3.35% observations are shown as an inferred 3.35%; they are not independently observed boosted rates. Leading, trailing, and conflicting readings are not filled. Raw records are unchanged.

Selected terms reviewed 2026-09-05 · Provider source

Compare fees, requirements, and alternatives
Rate history
Last observed APY 3.35% on Sep 30, 2026; unchanged since Jul 7, 2026.

Includes the boost. Some intervening days are inferred; see account details.

2.75%3.00%3.25%3.50%3.75%Jul 7Aug 4Sep 30

Money Market Funds

Vanguard Cash Reserves Federal

Money Market Fund • VMRXX

3.89%

7-day SEC yield

Expense Ratio
0.10%
Minimum Investment
$3,000
Observed change
+0.27 pp
Provider date
Nov 12
Rate details & state tax
Last checked
Nov 14, 2026
Provider date
Nov 12, 2026
Last attempt
Nov 14, 2026

U.S. government income: 69.58%. Vanguard 2025 tax report

Meets the California, Connecticut and New York fund thresholds. State rules apply.

Rate history
Last observed SEC yield 3.89% on Nov 12, 2026; up 0.27 percentage points since Aug 12, 2026.
3.25%3.50%3.75%4.00%4.25%Aug 12Sep 29Oct 21Nov 12

Vanguard Federal

Money Market Fund • VMFXX

3.88%

7-day SEC yield

Expense Ratio
0.11%
Minimum Investment
$3,000
Observed change
+0.27 pp
Provider date
Nov 12
No minimum as settlement fund
Rate details & state tax
Last checked
Nov 14, 2026
Provider date
Nov 12, 2026
Last attempt
Nov 14, 2026

U.S. government income: 66.61%. Vanguard 2025 tax report

Meets the California, Connecticut and New York fund thresholds. State rules apply.

Rate history
Last observed SEC yield 3.88% on Nov 12, 2026; up 0.27 percentage points since Aug 12, 2026.
3.25%3.50%3.75%4.00%4.25%Aug 12Sep 25Oct 20Nov 12

Vanguard Treasury

Money Market Fund • VUSXX

3.98%

7-day SEC yield

Expense Ratio
0.07%
Minimum Investment
$3,000
Observed change
+0.31 pp
Provider date
Nov 12
Rate details & state tax
Last checked
Nov 14, 2026
Provider date
Nov 12, 2026
Last attempt
Nov 14, 2026

U.S. government income: 100%. Vanguard 2025 tax report

Meets the California, Connecticut and New York fund thresholds. State rules apply.

Rate history
Last observed SEC yield 3.98% on Nov 12, 2026; up 0.31 percentage points since Aug 12, 2026.
3.25%3.50%3.75%4.00%4.25%Aug 12Sep 25Oct 19Nov 12

Vanguard Municipal

Money Market Fund • VMSXX

2.37%

7-day SEC yield

Expense Ratio
0.11%
Minimum Investment
$3,000
Observed change
+0.66 pp
Provider date
Nov 12
Rate details & state tax
Last checked
Nov 14, 2026
Provider date
Nov 12, 2026
Last attempt
Nov 14, 2026

State exemption varies by state. Vanguard 2025 tax report

Utah state-exempt income: 29.59%. Utah supplement

Other state exemptions require the applicable state rules and fund allocation. AMT may apply.

Rate history
Last observed SEC yield 2.37% on Nov 12, 2026; up 0.66 percentage points since Aug 12, 2026.
0.75%1.50%2.25%3.00%3.75%4.50%Aug 12Oct 2Oct 22Nov 12

Vanguard California Municipal

Money Market Fund • VCTXX

2.18%

7-day SEC yield

Expense Ratio
0.12%
Minimum Investment
$3,000
Observed change
+0.76 pp
Provider date
Nov 12
Rate details & state tax
Last checked
Nov 14, 2026
Provider date
Nov 12, 2026
Last attempt
Nov 14, 2026

California state-exempt income: 100%. Vanguard 2025 tax report

Other state exemptions require the applicable state rules and fund allocation. AMT may apply.

Rate history
Last observed SEC yield 2.18% on Nov 12, 2026; up 0.76 percentage points since Aug 12, 2026.
0.75%1.50%2.25%3.00%3.75%Aug 12Oct 2Oct 23Nov 12

Vanguard New York Municipal

Money Market Fund • VYFXX

2.36%

7-day SEC yield

Expense Ratio
0.11%
Minimum Investment
$3,000
Observed change
+0.67 pp
Provider date
Nov 12
Rate details & state tax
Last checked
Nov 14, 2026
Provider date
Nov 12, 2026
Last attempt
Nov 14, 2026

New York state-exempt income: 100%. Vanguard 2025 tax report

Other state exemptions require the applicable state rules and fund allocation. AMT may apply.

Rate history
Last observed SEC yield 2.36% on Nov 12, 2026; up 0.67 percentage points since Aug 12, 2026.
0.75%1.50%2.25%3.00%3.75%Aug 12Oct 2Oct 23Nov 12

Vanguard 0-3 Month Treasury

ETF • VBIL

3.89%

30-day SEC yield

Expense Ratio
0.07%
Minimum Investment
Share price / broker rules
Observed change
+0.28 pp
Provider date
Nov 11
Rate details & state tax
Last checked
Nov 14, 2026
Provider date
Nov 11, 2026
Last attempt
Nov 14, 2026

U.S. government income: 100%. Vanguard 2025 tax report

Meets the California, Connecticut and New York fund thresholds. State rules apply.

Rate history
Last observed SEC yield 3.89% on Nov 11, 2026; up 0.28 percentage points since Aug 11, 2026.
3.25%3.50%3.75%4.00%4.25%Aug 11Sep 29Oct 21Nov 11

Cash Plus or a Vanguard fund?

Cash Plus earns bank sweep APY. Vanguard money-market funds earn investment yields; their return and protections differ from bank deposits.

Cash Plus
The bank sweep has no minimum balance. The provider disclosed an automatic 0.25 percentage-point boost through September 30, 2026. Confirm its current rate and promotion status before moving cash. Source
Access and protection
Cash Plus does not issue checks or an ATM card. Bank sweep deposits are eligible for FDIC coverage through program banks; money-market investments are not FDIC-insured. Review transfer holds and existing deposits at those banks. Source

Guide terms reviewed September 5, 2026. Provider terms may change.

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