Your Business Banking Stack
4.31% FDIC Insured Checking Account powered by Third Coast Bank SSB (NASDAQ: TCBX). Park the rest in 5.07% U.S. Treasury Bills custodied BNY Mellon Pershing*.
High-Interest Checking Account
4.31% APY. FDIC Insured. Instant liquidity with no asset volatility.*
Forget your "normal" business bank account
No fees... ever
No minimum balance... ever
No withdrawal limits... ever
- No effort to link your payroll and bill pay
How is 4.31% APY possible?
Fintechs are built on banks
Banks make money by earning interest on customer cash
The interest is based on the Federal Funds rate which is 4.50 - 4.75% today
Right now, your bank gobbles up your cash and pays you a criminally low 0.06% APY*.
U.S. Government Treasury Bills
Custodied at BNY Mellon Pershing. Member of SIPC.
What are Treasury Bills?
Securities issued by the U.S. Department of Treasury
Backed by the “full faith and credit” of the U.S. Government
Treasury Bills fail if the U.S. Government defaults
Why did no one buy Treasury Bills before?
In 2020, the interest rate on a 1 year treasury bill was 0.1%*.
On $10 million, you earned $10,000.
Today, the same t-bill pays you up to 46x (or 4.64%*)!
That is a potential $464,000 to extend your runway or hire more engineers*.