For years, cash management accounts were a popular addition to many fintech services. It was nice to be able to offer a higher APY on your savings, available through partner banks, and layer those on top of whatever services you were selling. Whether it was paying off debt, increasing your savings, or building wealth through investing – cash management seemed like the next hot thing. But when a brokerage adds it to its offering, I’m always a little surprised because when you’re a brokerage, there are options available to you that you wouldn’t get through a saving or budgeting app. There are completely safe investing options , like federal money markets, that offer higher yields without the need for the brokerage to build new infrastructure. But I’m a fan of Vanguard, an existing client, and so when I learned about their offer — the Vanguard Cash Plus Account — I wanted to learn more. Table of Contents What is the Vanguard Cash Plus Account? Who are Vanguard’s Partner Banks? I