High Yield Cash Account Comparison

Public.com offers a high yield cash account with a 5.1% APY, which is highlighted as being higher than rates offered by various competitors such as Robinhood, SoFi, Marcus, Wealthfront, Betterment, Capital One, Ally, Barclays, Bank of America, Chase, City, Wells Fargo, Discover, and American Express. The disclaimer states that the rate is subject to change and public.com is not a bank. It also mentions that the funds from this account are deposited into partner banks, earning a variable interest rate and being eligible for FDIC insurance, available for US residents only. The advertisement implies that although it may not be the highest interest rate, it is among the top rates available in the market.