Bill Harris has been at the forefront of fintech innovation for over three decades. He’s served as CEO of PayPal, Intuit, and Personal Capital. Now he’s embarking on a daring mission with Evergreen Money to give Americans annual passive income in their everyday savings and checking accounts. According to Nerdwallet, as of July 15, 2024, the average savings account yields a measly 0.45% annual percentage rate (APY) according to the FDIC, and checking accounts are even worse, yielding 0.08% APY—basically 0%. With Evergreen’s new Liquid Treasuries account, the yield follows the interest rate on 4-week Treasury bills, which is 5.38% (as of 8/10/2024). Plus, the earnings are exempt from state and local taxes. With Liquid Treasuries, you can use it as a savings account and earn a high yield while being exempt from state and local taxes. Or you can use the included debit card, ACH and electronic transfers to use it as a checking account.
(Image courtesy of Bill Harris)
With Liquid Treasuries, your savings or checking balances are invested in historically relatively low-risk Treasury bills and earn higher returns during the current high-yield cycle. You can then easily access your funds by swiping the included Evergreen Visa Debit Card, paying your bills via ACH, or wiring money. In the current inflationary period, the lack of interest in your savings or checking account is even worse. Liquid Treasuries currently yield over 5%. In addition, Treasury Bills are exempt from state and local taxes, so your tax-effective return could be even higher. With these returns, Evergreen Money outperforms regular and even high-yield savings accounts.
**Minimum deposit of $10,000 for US residents – fees apply
Warren Buffett has announced that he buys US Treasuries every Monday. So far, he has invested around $158 billion in them. Meanwhile, technology and financial giants such as Apple, Google and BlackRock regularly invest in Treasuries. With Liquid Treasuries from Evergreen Money, you can do the same.
The checking account is provided by Evergreen’s banking partner Coastal Community Bank, Member FDIC. The Evergreen Visa Debit Card is issued by Coastal Community Bank, Member FDIC, pursuant to license by Visa USA Inc. Investment advisory services are provided by Evergreen Money Advisors, an SEC registered investment advisor. The U.S. Treasury Bond Brokerage Account is offered by Jiko Securities, INC., Member FINRA and SIPC. TREASURY AND OTHER INVESTMENTS ARE NOT DEPOSITS, ARE NOT INSURED BY THE FDIC, ARE NOT BANK GUARANTEED, AND MAY LOSE VALUE, INCLUDING LOSS OF PRINCIPAL.
Start saving better with Liquid Treasuries.
Client Disclaimer: Benzinga is not a client of Evergreen Money Advisors and is compensated to share his opinions and experiences with Evergreen Money Advisor. Any compensation creates a conflict of interest and Benzinga’s comments may not be representative of anyone else’s experience with the company. This recommendation may not be representative of other clients’ experiences, is not a guarantee of future performance or success, and was paid for.
Evergreen Money Corporation is a financial technology company, not a bank. Banking services are provided by Coastal Community Bank, Member FDIC. Deposits are insured up to $250,000 per depositor. The Evergreen Visa Debit Card is issued by Coastal Community Bank, Member FDIC, pursuant to license by Visa USA Inc.
Investment advisory services are provided by Evergreen Money Advisors, an SEC registered investment adviser.
Evergreen Money, Evergreen Money Advisors and Coastal Community Bank do not provide tax, legal or accounting advice. The information provided is not intended to be, and should not be used as, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transactions.
INVESTMENTS IN TREASURY BILLS AND OTHER INVESTMENTS ARE NOT DEPOSITS, ARE NOT FDIC INSURED, NOT BANK GUARANTEED, AND MAY LOSE VALUE, INCLUDING LOSS OF PRIMARY MONTH.
Treasury services are provided by Jiko Securities, Inc., a registered broker-dealer and member of FINRA and SIPC. Securities in your account are protected up to $500,000. For more information, visit www.sipc.org. The Jiko Bank Account is offered by Jiko Bank, a division of Mid-Central National Bank. Past performance is not an indicator of future results. Jiko Group, Inc. and its subsidiaries do not provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer or solicitation to buy or sell any security or investment strategy. See FINRA BrokerCheck, Jiko US Treasuries Risk Disclosures and Jiko Securities Inc. Form CRS.
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