Invest Money Your Way

You’ll be notified when your Money Pool reaches its target goal. From there, you can continue saving or close your Money Pool to focus on other goals.

Yes! You can deposit into your Money Pool whenever you want. You can also set up automatic recurring deposits so you can set it and forget it.

Minimum investment per transaction: $100 and deposits must be made in $100 increments, Max investment limits: $5,000 per day; $10,000 per week; $20,000 per month.

At the end of each month, Marygold & Co. will look at the current T-bill (Treasury Bill) yield and pay a bonus into the account, bringing the return to a total of up to 6%. For more information, please click here.

The promotion period will continue until June 30, 2025, or until assets under management reach $100,000,000. At the end of the promotional period, your Cash Management Accounts will remain open and will continue to be invested at the current yield of 4-week T-bills (Treasury Bills). For this promotion, Marygold will cap the total subsidy to each client at 600 basis points. For more information on the promotional period, click here.

T-bills are issued at a discount from the face value of the bill. When a T-bill reaches maturity, the holder is paid the face value. If sold early, depending on current bond prices trading at the time of sale, there could be a gain or loss.

Treasury Bills are securities issued by the U.S. Department of the Treasury with a duration of a year or less, backed by the ‘full faith and credit’ of the U.S. federal government. They have been historically regarded as a safe haven by professional investors and institutions. It’s also important to understand that T-bills are issued at a discount from the face value of the bill.

When a T-bill reaches maturity, the holder is paid the face value. If sold early, depending on current bond prices trading at the time of sale, there could be a gain or loss. That being said, like all investment strategies, this approach comes with certain risks.

The interest income earned on Treasury bills is taxable at the federal level, and earnings from Treasury bills sold on the secondary market can result in taxable capital gains or losses, as well as interest. Investment gains, losses, and interest income must all be declared to the IRS. You will receive a Form 1099 that will display any gains or losses

Please note that Marygold & Co. and Jiko do not offer or provide tax or legal advice. Please consult with an appropriately qualified tax or legal professional for advice specific to your situation.

It is important to understand that T-bills do not pay regular interest payments as your traditional checking/savings account. Instead, T-bills are issued at a discount from the face value of the bill. When a T-bill reaches maturity, the holder is paid the face value. If sold early, depending on current bond prices trading at the time of sale, there could be a gain or loss.

T-bills are issued at a discount from the face value of the bill. When a T-bill reaches maturity, the holder is paid the face value as interest income. If sold early, depending on current T-bill prices trading at the time of sale, there could be a gain or loss. Please note that Jiko and Marygold & Co. do not offer or provide tax or legal advice. Please consult with an appropriately qualified tax or legal professional for advice specific to your situation.

The APY (Annual Percentage Yield) represents the earnings on an interest-bearing time deposit account in a year, expressed as a percentage. Yield to Maturity is the rate of return on your T-bill investment, assuming you hold the position until maturity. It takes into account the price you paid and the holding period of your investment, and it shows the rate of return as an annualized rate.

Treasury Accounts are custodied at The Bank of New York Mellon. Balances below $500k are covered by SIPC insurance. The underlying Treasury bills (T-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 deposit accounts and other banking products.

When you purchase T-bills at Jiko, we show Yield to Maturity (YTM) on your trade confirmation. We calculate this Yield to Maturity using the formula below:

For example, suppose that on Friday, November 17th, 2023, you purchase a T-bill maturing on December 12th, 2023, at a price of $99.70 per $100 of par value. The number of days to maturity is calculated from Monday, November 20th, the next regular settlement date. Therefore, there are 21 days to maturity. This gives a yield to maturity of ( $100 / $99.70 ) ^ ( 365 / 21 ) – 1 = 5.36%.

Yield to maturity for your current holdings uses the same formula, but the price used in the calculation is the latest quote instead of your purchase price, and the days to maturity is adjusted accordingly.

Please note that this example is for illustrative purposes only and actual results may vary. Unless otherwise stated, Jiko calculates Yield to Maturity before fees. Any fees assessed will reduce your realized yield. Any fees assessed will reduce your realized yield.

Yield to Maturity is the rate of return on your T-bill investment, assuming you hold the position until maturity. It takes into account the price you paid and the holding period of your investment, and it shows the rate of return as an annualized rate. When comparing yields, it’s important to note that there are different methods for calculating yield.

Jiko uses a compound annual growth rate (CAGR) formula with the actual day count (365 days, 366 in leap years). Other commonly used calculation methods are the Discount Yield method and Bond Equivalent Yield method. Any time you are comparing yields across different sources, it’s important to make sure they are using the same formula to calculate yield. Unless otherwise stated, Jiko calculates Yield to Maturity before fees. Any fees assessed will reduce your realized yield.

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. Marygold & Co. receives a portion of that management fee as a referral fee. For more information, please click here.

Treasury bills (T-bills) on Marygold & Co. are provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. As a Marygold & Co. client, you can invest in Treasuries for as little as $100, track their yield over time, and manage your investments directly in the Marygold app, downloadable from Google Play and on Apple.

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.

To fund your Marygold & Co. Cash Management Account or Money Pool, you can move money from an external account via ACH into your Marygold Spend Now account. From there, you can create a Cash Management Account and your deposit will transfer funds from your Marygold Spend Now account.

Please click here for more details on yield during the promotional period. At the end of the promotional period, your Cash Management Accounts will remain open and will continue to be invested at the current yield of 4-week T-bills.

For a good indicator of current rates, please see the US Treasury Site, where the annualized yield for the different maturities is posted, with the 4-week being of interest to you.

You should also know this is an indicator, the price of T-bills fluctuates slightly with the market, and the yield to maturity you see when you view your current positions will be the annualized yield the account receives if the T-bills are held to maturity.

A Trusted Contact is a person you authorize Marygold & Co. to contact in limited circumstances. We may disclose information about your account to this person:
– to address possible financial exploitation
– to confirm the specifics of your current contact information
– to confirm the identity of any legal guardian, executor, trustee or holder of a power of attorney

Please note that a Trusted Contact must be 18 years or older and is not a beneficiary. A Trusted Contact will not have access to your account and will not have the ability to make any transactions in your account. For specifics on the FINRA rule regarding Trusted Person Contact, please click here.

Yes, you can close your Money Pool whenever you like. For more information, contact support.

Yes! You can deposit into your Money Pool whenever you want. You can also set up automatic recurring deposits so you can set it and forget it.