Why not just buy T-bills yourself through the usual means?Last year I opened up account with Jiko, a bank that invests your money in US Treasuries automatically in $100 increments, and then sells them when you withdraw. At one point I was getting 5.4%+ on my balance without any interaction.
They also provide one percent cashback on debit purchases and the funds are swept out of treasuries passively (you don’t need to sell ahead of time).
Unlike other FinTech companies, Jiko seems to have their own bank so there’s no risk of third-party issues.
Curious if anyone else uses them, and if you think the extra yield is worth the squeeze. I kind of like how you could just deposit the funds passively and they are automatically swept directly into treasuries without any action. At the same time, given what Vanguard settlement fund pays and how low the expense ratio is, it might not be worth having yet another account for such a small increment.
Statistics: Posted by watchnerd — Fri Sep 06, 2024 1:05 am — Replies 8 — Views 842