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Bill Harris has been spearheading innovation in the fintech industry for over three decades. He was the CEO of PayPal, Intuit and Personal Capital. Now, through Evergreen Money, he’s embarking on a daring mission to create annual passive income for Americans in their everyday savings and checking accounts. According to Nerdwallet, the average savings account earns a measly 0.45% annual percentage yield (APY) as of July 15, 2024, according to the FDIC, and checking is even worse, earning .08% APY- basically, 0%. With Evergreen’s new Liquid Treasuries account, the yield tracks the 4-week Treasury bill rate which is 5.38% (as of 8/10/2024). Plus, the returns are state and local tax exempt. With Liquid Treasuries you can use it as a savings account, earning a high-yield while being state and local tax exempt. Or, you can use the included debit card, ACH, and Wire transfers to use it as a checking account.
(Image Courtesy of Bill Harris)
With Liquid Treasuries, your savings or checking balances are swept into historically relatively low-risk treasuries, and pay higher returns during the current high interest rate cycle. You can then easily use your funds by swiping the included Evergreen Visa Debit Card, pay your bills using ACH, or wire funds. In this current inflationary period, the lack of interest earned in your savings account or checking account is even worse. Liquid Treasuries currently yields above 5%. Additionally, Treasury Bills are state and local tax exempt so your tax-effective yield could be even higher. With these kinds of returns, Evergreen Money outshines regular and even high-yield savings accounts.
**minimum $10,000 initial deposit for residents in the US - Fees Apply
Warren Buffett has revealed that he buys U.S. Treasuries every Monday. So far, he has around $158 billion in them. Meanwhile, tech and financial giants like Apple, Google and BlackRock routinely invest in treasuries. With Evergreen Money’s Liquid Treasuries, 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 licensing by Visa U.S.A. Inc. Investment advisory services are provided by Evergreen Money Advisors, an SEC-registered investment advisor. The brokerage account holding US Treasuries is offered by Jiko Securities, INC., Member FINRA and SIPC. INVESTMENTS IN TREASURY BILLS AND OTHER INVESTMENTS ARE NOT DEPOSITS, NOT INSURED BY THE FDIC, 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 being compensated for sharing their opinion and experience with Evergreen Money Advisor. Any compensation creates a conflict of interest and Benzinga’s comments may not be representative of any other person's experience with the firm. This endorsement may not be representative of the experience of other customers, is no guarantee of future performance or success and has been paid for.
Evergreen Money Corporation is a financial technology company, not a bank. Banking services 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 licensing by Visa U.S.A. Inc.
Investment advisory services are provided by Evergreen Money Advisors, an SEC-registered investment advisor.
Evergreen Money, Evergreen Money Advisors, and Coastal Community Bank do not provide tax, legal, or accounting advice. Information stated is not intended to provide nor should it be relied on for tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in transactions.
INVESTMENTS IN TREASURY BILLS AND OTHER INVESTMENTS ARE NOT DEPOSITS, NOT INSURED BY THE FDIC, NOT BANK GUARANTEED, AND MAY LOSE VALUE INCLUDING LOSS OF PRINCIPAL.
Treasury services provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. Securities in your account protected up to $500,000. For details, please see www.sipc.org. The Jiko bank account is offered by Jiko Bank, a division of Mid-Central National Bank. Past performance is not indicative of future results. Jiko Group, Inc. and its affiliates 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 for the purchase or sale of any security or investment strategy. See FINRA BrokerCheck, Jiko U.S. Treasuries Risk Disclosures, and Jiko Securities Inc. Form CRS.
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