An Opportunity for Higher Cash Returns: Introducing the U.S. Treasury Money Fund

Feb 10, 2023 | Investment Management

Investing in a high quality and low-risk portfolio while maximizing returns is always our top priority. With this in mind, we would like to share the details of a purchased money market fund that could help you earn more interest on your cash reserves: the Schwab U.S. Treasury Money Fund. This fund invests in treasury securities backed by the full faith and credit of the U.S. government and offers stability, next-day liquidity, and dependable income. With a current yield of 4.01%*, this fund is a convenient way to earn higher returns on your excess cash compared to the traditional bank sweep account which currently yields 0.45%.

There are no minimum investments or transaction fees, making it easy for us to move your excess cash balances into this fund. Although there is no automatic sweep of idle cash into this fund, we can manually enter an order to buy or sell the fund for you, ensuring that you receive the best possible returns on your cash. If you anticipate withdrawing an unusual or significant amount of cash from your account, please give us a heads up at least a day in advance. We are always here to help and are happy to adjust your cash balance levels to meet your personal needs.

In conclusion, this opportunity is just one small step we take towards maximizing returns while protecting your assets. If you have any questions or special needs, please don’t hesitate to reach out to us.

*7-day yield (as of 2/9/2023)

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