Evergreen Money – Liquid Treasuries – High Yield Checking Swept into US Treasury Bills: $250 Sign-Up Bonus with $10,000 Deposit

Evergreen Money has introduced the Liquid Treasuries account, which combines a high-yield checking account with a brokerage account where your deposits are automatically swept into US Treasury Bills, offering you a 5.35% yield on T-bills that are exempt from state and local taxes.

To earn the $250 new client bonus, you must open a new Liquid Treasuries account with Evergreen Money and fund it with a minimum deposit of $10,000, and the $250 bonus will be credited to your account within 15 calendar days from the date the qualifying deposit has cleared and posted.

If you want to earn a high yield on your deposits with the benefit of state and local tax exemption that you get with US Treasury Bills, plus enjoy instant access to your funds with the features of a mobile checking account, consider opening an Evergreen Money Liquid Treasuries account to get an extra $250 cash bonus when you fund a minimum of $10,000.

Evergreen Money Liquid Treasuries Account

When you deposit money into your Evergreen Money Liquid Treasuries Account, the funds are used to buy T-bills, and then any debit card purchases or other outgoing transfers that you make are funded by selling T-bills.

Since your high-yield checking deposits are swept into US Treasury Bills, you’ll automatically earn a 5.35% yield with no state or local taxes, while enjoying instant access to your funds via a debit card, digital wallet, ATM withdrawals, and ACH and wire transfers, all in one app.

The banking products that you receive are provided by Coastal Community Bank, Member FDIC, up to $250,000 per depositor, while 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.

US Treasury Bills are short-term (typically 4 to 13 week) government obligations used to fund social security, the military and other programs, and 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, giving you a 5.24% annual return.

Evergreen Money does not charge commissions or transaction fees, but they do 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.

With the $10,000 minimum investment required to open an Evergreen Money Liquid Treasuries account, the monthly fee of 0.03% on US Treasury Bills would be equal to $3 per month or $36 per year (0.36% annual fee).

Evergreen Money was founded by Bill Harris in early 2023, who ran TurboTax, was CEO of PayPal and founded Personal Capital, and Evergreen Money Advisors is an SEC-registered investment advisor with full staff available to assist with your financial questions 24 hours a day, 7 days a week.

Evergreen Money Liquid Treasuries $250 Sign-Up Bonus

With the Evergreen Money Liquid Treasuries $250 New Account Bonus, you can earn a $250 cash bonus when you deposit the minimum funding requirement of at least $10,000.

To qualify for the $250 new client bonus, you must open a new Liquid Treasuries account with Evergreen Money and fund it with deposit(s) of at least $10,000 by June 30, 2024.

The full $10,000 must be cleared and posted to your account prior to 11:59 Eastern Time on June 30, 2024, to be eligible for the $250 bonus.

The $250 bonus will appear as a credit to your account within 15 calendar days from the date the qualifying deposit has cleared and posted.

Consider the Liquid Treasuries account from Evergreen Money to combines a high-yield checking account with a brokerage account where your deposits are automatically swept into T-bills, plus take advantage of the $250 cash bonus from Evergreen Money for a limited time.