Earn More On
Your Ideal Cash
Earn up to 5.2 *% annually. With Treasury Bills, you can earn a no-risk return on your money while ensuring that your cash is safe and easily accessible.
Manage your finances seamlessly
Brokerage account is directly in your name
Get started in under 10 minutes; Account opened in < 24 hours1
Earn up to 5.0%* through US Treasuries
US Treasuries are backed by the full faith and credit of the United States government
Get banking features in your brokerage account
Send and receive payments, Customisable debit and credit cards
Revolutionize Your Banking Experience
Get up to $2.75M* in FDIC insurance and beyond
Across Sonic's partner banks, you receive up to $2.75M FDIC insurance - 11x the standard coverage amount. For balances over $2.75M, you're able to invest in Money Market Funds and government-backed Treasury Bills that earn up to 5.24% APY* and include up to $500K SIPC insurance.
Instant access to venture debt and working capital
Sonic offers transparent payback plans and favorable rates to help insulate your growth from market conditions outside of your control.
White-glove, concierge services at every step
Your dedicated relationship manager can help assess the best way to balance insurance and yield as well as expedite access to capital whenever the time is right.
Frequently asked questions
What is a high-interest account with US Treasury bills?
A high-interest account with US Treasury bills is a financial product that offers individuals the opportunity to invest their money in short-term US government securities, specifically Treasury bills, in exchange for earning a higher rate of interest compared to traditional savings accounts.
How do high-interest accounts with US Treasury bills work?
When you open a high-interest account with US Treasury bills, your funds are used to purchase Treasury bills directly from the US government. These bills are typically issued with maturities ranging from a few days to one year. The interest you earn is based on the difference between the discounted purchase price and the face value of the Treasury bill at maturity.
What are the benefits of a high-interest account with US Treasury bills?
Some key benefits of high-interest accounts with US Treasury bills include: * Higher interest rates compared to traditional savings accounts. * Low-risk investment backed by the US government. * Shorter investment terms, allowing for flexibility and liquidity. * Income generated from Treasury bills can be reinvested or used for other financial goals.
Are high-interest accounts with US Treasury bills safe?
Yes, high-interest accounts with US Treasury bills are generally considered safe investments. They are backed by the full faith and credit of the US government, which means the risk of default is extremely low. However, it's important to note that, like any investment, there is always some level of risk, and the value of Treasury bills can fluctuate based on changes in interest rates.
How often is interest paid on high-interest accounts with US Treasury bills?
Interest on high-interest accounts with US Treasury bills is typically paid at the maturity of the Treasury bills. For example, if you invest in a Treasury bill with a three-month maturity, you will receive the principal investment plus the earned interest at the end of the three-month period.
Can I withdraw my funds before the maturity date of the Treasury bills?
In most cases, high-interest accounts with US Treasury bills offer liquidity options that allow you to withdraw your funds before the maturity date of the Treasury bills. However, early withdrawal may result in a penalty or loss of some interest earnings.
Treasury management for growing companies
Treasury management is how a company keeps enough cash on hand to operate, protects that cash, and earns a return on the rest. For startups and growing businesses, a simple policy goes a long way.
Split cash into buckets
Many finance teams divide cash by when they will need it:
- Operating cash for the next one to three months of payroll and bills, kept fully liquid.
- Reserve cash for the next 6 to 18 months, placed in low-risk, short-term instruments such as T-bills.
- Strategic cash for longer-term plans, invested according to board-approved policy.
Protecting deposits
Standard FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Sweep networks spread deposits across many partner banks so that much larger balances are covered. Diversifying banking partners also reduces the operational risk of a single bank failure.
Access to credit
Venture debt and working capital lines can extend your runway between funding rounds or smooth out uneven cash flow. Arranging credit before you need it gives you better terms and more options.
Write a treasury policy
A one-page policy approved by your board should state how much cash to keep liquid, which instruments are allowed, maximum maturities, and who can move money. It keeps decisions consistent as the team grows.
More questions about treasury management
How much FDIC insurance can my business get?+
The standard limit is $250,000 per depositor, per bank, per ownership category. Products that spread deposits across several banks can extend that coverage; the extended coverage offered here is subject to its terms and conditions.
Where should a startup keep its cash?+
Keep near-term operating cash in insured, instantly accessible accounts and place reserves you will not need for several months in low-risk, short-term instruments such as Treasury bills.
What is venture debt?+
Venture debt is a loan for venture-backed companies, usually taken alongside or after an equity round, to extend runway without further dilution.
Related pages
With SonicWallet, you can buy U.S. stocks, save securely with U.S. Treasuries, trade cryptocurrencies like Bitcoin, and send money worldwide.