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- Jiko: Spendable T-Bills Vs. Save - Get more from your cash
Jiko: Spendable T-Bills vs Save - Get more from your cash Usage & Stats
Jiko provides seamless access to the safety and yield of T-bills, paired with the spending features of a bank account.
EARN WHEN YOU SAVE
Jiko’s automated trading technology keeps you invested in T-bills so you can access the safety and competitive yield of government-backed T-bills without having to trade them yourself. Your earnings are updated in real-time on the Jiko app and may be tax-exempt at the state and local level(1).
REWARDS WHEN YOU SPEND
Access your money instantly by using Jiko debit cards. When you spend, your investments are automatically liquidated in real time, 24/7, to cover the cost of your purchase. Plus, you can earn 1% cashback on debit card purchases(2).
TRANSPARENT AND SECURE
Treasury bills are generally considered one of the safest investments available because they’re backed by the full faith and credit of the US government. Plus, you can spend with confidence as the Jiko Solid™ Debit Card displays limited information and can be locked from the app. Use Jiko Virtual Cards to generate multiple card numbers for online spending(3).
ABOUT JIKO
Jiko is a federally regulated financial institution that owns its national bank and is a registered broker. Jiko provides automated T-bill investment on behalf of customers, combined with the spending features of a bank account.
DISCLOSURES
INVESTMENTS IN T-BILLS:
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
All U.S. treasury investments and investment advisory services provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. Securities in your account are protected up to $500,000. For details, please see www.sipc.org.
Banking services provided by Jiko Bank, a division of Mid-Central National Bank.
Jiko Group, Inc. and its affiliates do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. See FINRA BrokerCheck (https://brokercheck.finra.org/firm/summary/287507), Jiko U.S. Treasuries Risk Disclosures (https://jiko.io/docs/disclosures.pdf) and Jiko Securities Inc. Form CRS (https://jiko.io/docs/CRSRelationshipSummary.pdf). Fees apply.
Illustrations are not representative of future or past performance.
1 - We do not provide tax or legal advice. Please consult your financial advisor or tax professional for advice.
2 - Cashback rewards apply to qualifying purchases only. See our Reward Program Terms for more information: https://jiko.io/docs/RewardProgram.pdf.
3 - Subject to current limitations. Learn more at https://jiko.io/docs/limitations.pdf
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We created Save so you can invest and save smarter. Powered by a new approach to savings and investment technology, Save makes better returns possible while your deposits are capital protected³.
With the Save app you can:
Monitor your account: Check balance and view statements
Monitor your investments: View the investment made from your savings, gains, and remaining investment term
Refer your friends: Our referral program gives you and your friend thousands in equivalent portfolio investments††.
Disclosures:
Investment Advisory Services offered through Save Advisers LLC ("Save Advisers"), an SEC registered investment adviser. All brokerage and clearing services are provided by Apex Clearing Corporation, Member FINRA/SIPC. Prior to becoming a customer, if at all, each prospective customer must answer a series of subjective and objective questions to evaluate both the individual’s objective capacity to take risk and subjective willingness to take risk.
3.To obtain FDIC insurance coverage, customer funds provided will be deposited into non-interest-bearing accounts at Webster Bank. FDIC insurance coverage for funds deposited at Webster Bank is limited to not more than $250,000 per depositor, per FDIC-insured bank, per ownership category. Actual deposit insurance coverage may be lower if you have other funds deposited at Webster Bank, N.A. Customers are responsible for determining the amount deposited in each account at Webster Bank, N.A., and for monitoring the total amount of their deposits at Webster Bank, N.A., to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. Learn more at www.fdic.gov/deposit/deposits. Only the funds customers provide and deposit with Webster Bank, N.A. will be eligible for FDIC insurance. Webster Bank is not providing any investment advice or responsible for the purchase or performance of any investment contracts. The funds held in the Apex Clearing Corporation accounts are not FDIC-insured, are not bank guaranteed, and may lose value with a minimum return of zero. Maximum balance and transfer limits apply. Neither Save Advisers, LLC, nor its affiliates, are a bank. Apex Clearing Corporation is a member of the Securities Investor Protection Corporation (“SIPC”), formed by Congress to protect “customers” of broker-dealers and to promote public confidence in the U.S. securities markets. Customers of a SIPC Member that fails financially are afforded certain benefits under the Securities Investor Protection Act (“SIPA”). These benefits are relevant only if the broker-dealer that “carries” a customer’s account fails and is liquidated under SIPA. At Apex Clearing Corporation, your investments are protected by SIPC up to a maximum of $500,000 total, including $250,000 in cash balances. Coverage limitations apply. To learn more about SIPC coverage, visit the SIPC website at www.sipc.org.
†† Save Referral and Bonus Programs: For each successful referral, Save buys strategy-linked securities for each party whose equivalent investment value is equal to Save's current Referral and Bonus reward values outlined on https://joinsave.com/referrals . Save reserves the right to change Referral and Bonus reward values at any time.
Equivalent investments: Save buys strategy-linked securities whose equivalent investment value is equal to the notional value of the underlying assets of the strategy-linked security that is purchased. The notional value accounts for the total amount of a security's underlying assets at its spot price, not the market price of the strategy-linked security itself.
© 2024 Save Advisers, LLC.
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Jiko: Spendable T-Bills VS.
Save - Get more from your cash
December 13, 2024