Earn a 4.47% yield* on your cash

Put your cash to work with government-backed Treasury bills. Now available on Public—the 

all-in-one investing platform.

Get a tax advantage

Unlike a savings account, you don’t have to pay state and local taxes on the income you generate from Treasury bills. That means you can keep more of your yield.*

Fixed-rate

When you purchase Treasury bills on Public, you lock in a fixed rate of return.*

Secure

Your Treasury bill investments are stored at The Bank of New York Mellon.

Safe

Treasury bills are backed by the full faith and credit of the US government.

Discover the benefits of buying Treasury bills

Earn a 4.47%* yield on your cash.

Access your cash at any time.

Get the backing of the US government.

Get award-winning customer support.

Store your investments at BNY Mellon.

Do it all from a user-friendly app.

Save more with no state and local taxes.

Build and diversify your portfolio with stocks, ETFs, crypto, and more.

What are Treasuries?

A Treasury bill (or T-bill) is a short-term debt security issued by the US Treasury with a maturity period ranging from four weeks to one year. T-bills are purchased at a discount rate to their face value, which is paid out in full when the T-bill reaches maturity. For example, a $1,000 T-bill might cost $950 to purchase, generating a $50 return. T-bills generally rise in value and approach par value as the maturity date nears.

How does purchasing Treasuries work on Public?

Treasury bills on Public are provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. As a Public member, you can invest in Treasuries for as little as $100 and track their yield over time directly in the app. Plus, you can manage your investments right alongside your stocks, ETFs, crypto, and more.

Why should I consider Treasuries for my portfolio?

Treasuries are considered one of the safest types of investments, making them an attractive option for mitigating risk. They also typically offer a higher return than traditional savings and high-yield savings accounts, giving investors an easy way to do more with their cash.

What are the fees for a Treasury Account?

In exchange for the management, trading, and custody of Treasury services, Jiko charges a flat management fee of 5 basis points per month based on the average daily balance of your Treasury account. This amount will be deducted from your Treasury account on a monthly basis. Public receives a portion of that management fee as a referral fee.

Is the Treasury Account insured under FDIC or SIPC?

Treasury Accounts are custodied at The Bank of New York Mellon. Balances below $500k are covered by SIPC insurance. The underlying Treasury bills held in the account are fully backed and guaranteed by the US Government. Investments in Treasury bills are not FDIC insured or bank guaranteed, as this type of protection only applies to savings accounts and other banking products.

**This calculation assumes that balance and rate do not change for 12 months. APY is variable and subject to change.

Lock in your 4.47%* yield now

*26-week T-bill rate (as of 10/10/2024) when held to maturity. The rate shown is gross of fees.

† This is not tax advice. Neither Public, nor its affiliates, offer tax advice. Each investor should consult with their tax professional prior to investing.

© Copyright 2024 Public Holdings, Inc. All Rights Reserved.


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All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. You should consult your legal, tax, or financial advisors before making any financial decisions. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy.

Product offerings and availability vary based on jurisdiction.


Product offerings and availability vary based on jurisdiction.


Treasuries.

Investing services in treasury accounts offering 6 month US Treasury Bills on the Public platform are through Jiko Securities, Inc. (“JSI”), a registered broker-dealer and member of FINRA & SIPC. See JSI’s FINRA BrokerCheck and Form CRS for further information.


JSI uses funds from your Treasury Account to purchase T-bills in increments of $100 “par value” (the T-bill’s value at maturity). T-bills are purchased at a discount to the par value and the T-bill’s yield represents the difference in price between the “par value” and the “discount price.” Aggregate funds in your Treasury Account in excess of the T-bill purchases will remain in your Treasury Account as cash. The value of T-bills fluctuate and investors may receive more or less than their original investments if sold prior to maturity. T-bills are subject to price change and availability - yield is subject to change. Past performance is not indicative of future performance. Investments in T-bills involve a variety of risks, including credit risk, interest rate risk, and liquidity risk. As a general rule, the price of a T-bills moves inversely to changes in interest rates. Although T-bills are considered safer than many other financial instruments, you could lose all or a part of your investment.  See Jiko U.S. Treasuries Risk Disclosures for further details.


Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value.


Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank.

JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries. None of these entities provide legal, tax, or accounting advice. You should consult your legal, tax, or financial advisors before making any financial decisions. This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy.


View Full Disclosures

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