At most banks, interest is low and taxes are high. We built a checking account with high yield and no state taxes. Give it a try and let me know what you think.
1 Terms and limitations apply. 4 week Treasury Bill rate (as of 5/1/24) when held to maturity. Rate is shown gross of the 0.03% per month fee on the average daily balance. For a list of fees, see here. Treasury bills are investments.
Cash in your Evergreen Checking Account at Coastal Community Bank, Member FDIC, earns a variable 5.00% Annual Percentage Yield as of 5/1/24. The APY may change at any time.
US Treasury Bills are investments and guaranteed by the United States and state tax exempt. Investments are not deposits, not FDIC insured, and may lose value. Treasury bills are held in your SIPC-insured brokerage account with Jiko Securities, Inc. For details, please see www.sipc.org.
2 While other similar products may exist, we believe we are the first and the best at seamlessly integrating the features of a banking product and a Treasury bill account.
4 The value of Treasury bills fluctuates and investors may receive more or less than their original investments if sold prior to maturity.
* National average savings, interest checking, money market & CD rates as of 5/1/2024. Source: fdic.gov
Evergreen Money Corporation is a financial technology company, not a bank. Banking products are provided by Coastal Community Bank, Member FDIC, pursuant to a license from Visa USA Inc. Deposits are insured up to $250,000 per depositor.
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 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.
Wire Transfers. Same-day receipt Client Service. All day every day
Treasury bills are guaranteed by the full faith and credit of the United States
US Treasury Bills are safe and secure*. Liquid Treasuries make them easy and instant.
*Source: Treasury.gov
See Terms. Bank APYs are from the respective banks’ websites as of 5/1/24. After-tax return is based on a top total tax rate of 54.33% for New York City (37% federal plus 3.8% NIIT plus 9.65% New York state plus 3.88% New York City). Treasury bills are exempt from state and local tax so their total tax rate is 41.8%. The Evergreen Liquid Treasuries' return assumes a full $50,000 balance, a stable 4-week US Treasury Bill yield of 5.35% annually, and held to maturity. As with all investments, T-bill yields fluctuate and T-bills are not deposits, not FDIC-insured, and may lose value.
$50,000 Balance
Yield / APY
Pre-Tax
After-Tax
JP Morgan Chase
0.01%
$5
$2
Evergreen Money
5.35%
$2,675
$1,584
After-Tax Return. The top state and city tax rate in New York City is 13.53%, but T-bills are exempt from state tax.
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Bill Harris Founder of Evergreen Money
More in your pocket
At most banks, interest is low and taxes are high. We built a checking account with high yield and no state taxes. Give it a try and let me know what you think.
Compare to a JP Morgan Chase checking account
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High yield checking swept into T-bills 5.35% yield
See terms. Cash in your checking account is FDIC-insured through our partner bank, Coastal Community Bank, Member FDIC, and not state tax exempt. Interest rates from bank websites for savings accounts as of 5/1/24.
Cash in your checking account is FDIC-insured through our partner bank, Coastal Community Bank, Member FDIC, and not state tax exempt. Interest rates from bank websites for savings accounts as of 5/1/24.
See Terms. Bank APYs are from the respective banks’ websites as of 5/1/24. After-tax return is based on a top total tax rate of 54.33% for New York City (37% federal plus 3.8% NIIT plus 9.65% New York state plus 3.88% New York City). Treasury bills are exempt from state and local tax so their total tax rate is 41.8%. The Evergreen Liquid Treasuries' return assumes a full $50,000 balance, a stable 4-week US Treasury Bill yield of 5.35% annually, and held to maturity. As with all investments, T-bill yields fluctuate and T-bills are not deposits, not FDIC-insured, and may lose value.
US Treasury Bills are investments and guaranteed by the United States and state tax exempt. Investments are not deposits, not FDIC insured, and may lose value. Treasury bills are held in your SIPC-insured brokerage account with Jiko Securities, Inc. For details, please see www.sipc.org.
US Treasury Bills are investments and guaranteed by the United States and state tax exempt. Investments are not deposits, not FDIC insured, and may lose value. Treasury bills are held in your SIPC-insured brokerage account with Jiko Securities, Inc. For details, please see www.sipc.org.
Evergreen is a financial technology firm dedicated to bringing innovation to the staid world of asset management. We use digital technology to re-engineer traditional banking and investment products and deliver a custom financial solution to each individual client.
Evergreen Money was founded by Bill Harris, former CEO of PayPal, Intuit and Personal Capital, an investment firm he founded and grew to $23 billion in assets. Our team includes technology veterans, product specialists and financial advisors.
The cash in your checking account is insured by the FDIC through our partner bank, Coastal Community Bank, Member FDIC, up to $250,000 per depositor. The US Treasury Bills in your brokerage account are insured by the SIPC up to $500,000 per account holder and are guaranteed by the full faith and credit of the United States without limit. Treasury Bills are not FDIC insured, not deposits, and may lose value.
US Treasury Bills are short-term (typically 4 to 13 week) government obligations used to fund social security, the military and other programs. They are sold at a discount and mature at full price, so a 4-week T-bill would sell for $996 and mature at $1,000 -- a 5.24% annual return.
A Liquid Treasuries account combines a checking account with a brokerage account which holds only US Treasury Bills. Deposits into the checking account are used to buy T-bills. Debit card purchases and other outgoing transfers are funded by selling T-bills.4 Banking products provided by Coastal Community Bank, Member FDIC.
The tax-equivalent yield is used to compare taxable and tax exempt investments. It is the taxable yield necessary to generate the same after-tax return. For illustration only, with a 40% federal and 10% state tax rate (an approximation for a high-income taxpayer in a high-tax state), a state tax exempt 5.0% Treasury bill would have a tax-equivalent yield of 6.0% .
We do not charge commissions or transaction fees. We charge a monthly fee of 3 basis points (0.03%) on Treasury bills and 4 to 6 basis points (0.04% to 0.06%) on other investments.
Evergreen is a financial technology firm dedicated to bringing innovation to the staid world of asset management. We use digital technology to re-engineer traditional banking and investment products and deliver a custom financial solution to each individual client.
Evergreen Money was founded by Bill Harris, former CEO of PayPal, Intuit and Personal Capital, an investment firm he founded and grew to $23 billion in assets. Our team includes technology veterans, product specialists and financial advisors.
The cash in your checking account is insured by the FDIC through our partner bank, Coastal Community Bank, Member FDIC, up to $250,000 per depositor. The US Treasury Bills in your brokerage account are insured by the SIPC up to $500,000 per account holder and are guaranteed by the full faith and credit of the United States without limit. Treasury Bills are not FDIC insured, not deposits, and may lose value.
US Treasury Bills are short-term (typically 4 to 13 week) government obligations used to fund social security, the military and other programs. They are sold at a discount and mature at full price, so a 4-week T-bill would sell for $996 and mature at $1,000 -- a 5.24% annual return.
A Liquid Treasuries account combines a checking account with a brokerage account which holds only US Treasury Bills. Deposits into the checking account are used to buy T-bills. Debit card purchases and other outgoing transfers are funded by selling T-bills.4 Banking products provided by Coastal Community Bank, Member FDIC.
The tax-equivalent yield is used to compare taxable and tax exempt investments. It is the taxable yield necessary to generate the same after-tax return. For illustration only, with a 40% federal and 10% state tax rate (an approximation for a high-income taxpayer in a high-tax state), a state tax exempt 5.0% Treasury bill would have a tax-equivalent yield of 6.0% .
We do not charge commissions or transaction fees. We charge a monthly fee of 3 basis points (0.03%) on Treasury bills and 4 to 6 basis points (0.04% to 0.06%) on other investments.
Frequently Asked Questions
US Treasury Bills are investments and guaranteed by the United States and state tax exempt. Investments are not deposits, not FDIC insured, and may lose value. Treasury bills are held in your SIPC-insured brokerage account with Jiko Securities, Inc. For details, please see www.sipc.org.
See terms. Cash in your checking account is FDIC-insured through our partner bank, Coastal Community Bank, Member FDIC, and not state tax exempt.
For illustrative purposes only.
US Treasury Bills are investments and guaranteed by the United States and state tax exempt. Investments are not deposits, not FDIC insured, and may lose value. Treasury bills are held in your SIPC-insured brokerage account with Jiko Securities, Inc. For details, please see www.sipc.org.
See terms. Cash in your checking account is FDIC-insured through our partner bank, Coastal Community Bank, Member FDIC, and not state tax exempt.
For illustrative purposes only.
US Treasury Bills are investments and guaranteed by the United States and state tax exempt. Investments are not deposits, not FDIC insured, and may lose value. Treasury bills are held in your SIPC-insured brokerage account with Jiko Securities, Inc. For details, please see www.sipc.org.
See terms. Cash in your checking account is FDIC-insured through our partner bank, Coastal Community Bank, Member FDIC, and not state tax exempt.
For illustrative purposes only.
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Cash in your checking account is FDIC-insured through our partner bank, Coastal Community Bank, Member FDIC, and not state tax exempt
US Treasury Bills are investments and guaranteed by the United States and state tax exempt. Investments are not deposits, not FDIC insured, and may lose value. Treasury bills are held in your SIPC-insured brokerage account with Jiko Securities, Inc. For details, please see www.sipc.org.
For illustrative purposes only.
US Treasury Bills are investments and guaranteed by the United States and state tax exempt. Investments are not deposits, not FDIC insured, and may lose value. Treasury bills are held in your SIPC-insured brokerage account with Jiko Securities, Inc. For details, please see www.sipc.org.
Cash in your checking account is FDIC-insured through our partner bank, Coastal Community Bank, Member FDIC, and not state tax exempt
For illustrative purposes only.
For illustrative purposes only.
Cash in your checking account is FDIC-insured through our partner bank, Coastal Community Bank, Member FDIC, and not state tax exempt
US Treasury Bills are investments and guaranteed by the United States and state tax exempt. Investments are not deposits, not FDIC insured, and may lose value. Treasury bills are held in your SIPC-insured brokerage account with Jiko Securities, Inc. For details, please see www.sipc.org.
Hear Evergreen founder Bill Harris instruct the financial community how to maximize the return on their personal cash assets. Bank accounts are taxed at the highest tax rates, but Treasury bills are exempt from state and local taxes.
Hear Evergreen founder Bill Harris instruct the financial community how to maximize the return on their personal cash assets. Bank accounts are taxed at the highest tax rates, but Treasury bills are exempt from state and local taxes.