HOW HARD IS YOUR CASH WORKING FOR YOU? 

Explore ways to increase the yield on your cash.

Savings accounts

Did you know that 4-week Treasury Bills are paying 1.95% as of today (September 10, 2018)? Would you rather keep your cash on deposit at your bank and let the bank lend your money out, while they pay you interest rates as low as 0.01%? Or would you rather invest that cash in a much safer place and get more interest? The answer is simple, let us show you!

U.S. Treasury Bills vs bank savings rates

 See footnote 1 for description.

See footnote 1 for description.

Certificates of Deposit

Banks are now beginning to advertise certificates of deposits (CD) again, but is it worth locking up your money for one year at the bank when the 1-year T-Bill is now paying 2.5%? The risk of lending money to the US Government is less than the risk of lending it to your bank, and today it's offering a higher return. Now that’s a good risk/reward!

12-month u.s. Treasury Bill vs bank 12-month cd rates

 See footnote 2 for description

See footnote 2 for description

Money Market Funds

Money market funds are often used as the default sweep account option for your cash at banks and brokerage firms. Make sure you find out what the fund is investing in and how much it's charging you, because this fee can make a huge difference.  To check, simply copy and paste the ticker of your money market fund in the search box here. 

4-week U.s. Treasury bill vs common money market funds

 See footnote 3 for description

See footnote 3 for description

Please note: Treasury bills will fluctuate in price prior to maturity. 

All Treasury Yields were calculated on September 10, 2018. Rates change daily.

Footnote 1: The comparison is limited to account balances under 100,000 USD and does not include rates of other online banks. Rates of returns are annulaized. Rates of the selected banks were obtained from their company websites and Informa Research Services,  https://www.amegybank.com/personal/savings-money-market-accounts/savings, https://www.frostbank.com/personal/banking/savings-money-market/money-market , https://www.bbvacompass.com/savings/clearchoice-savings.html,www.informars.com, and reflect New York high yield savings rates for similar products offered at the select banks with a minimum balance of at least $2,500. Informa has obtained the data from the various financial institutions that it tracks and its accuracy cannot be guaranteed.

Footnote 2: The comparison is limited to the mentioned banks and does not include rates of other online banks. Rates of the selected banks were obtained from their company websites https://www.amegybank.com/landing-pages/12-month-cd-summer-2018?cid=ps-cd-ad3-ggl-rt-aug18hou, https://www.frostbank.com/personal/banking/cds, https://www.chase.com/personal/savings/bank-cd/interest-rates, https://www.wellsfargo.com/savings cds/rates/, https://www.bankofamerica.com/deposits/bank-cds/featured-cd/, https://www.bbvacompass.com/savings/cd.html

Footnote 3: The comparison is limited to the mentioned banks and does not include rates of other online banks. Rates of the selected banks were obtained from their company websites. https://investor.vanguard.com/mutual-funds/profile/VMFXX, https://fundresearch.fidelity.com/mutual-funds/summary/31617H102, https://www.schwab.com/public/schwab/investing/accounts_products/investment/money_markets_funds/purchased_money_funds,