Treasury user interface with J.P. Morgan fund

Maximize your money. Minimize your risk.

Earn up to 4.44% yield with high-liquidity, lower-risk portfolios powered by J.P. Morgan and Morgan Stanley. Exclusively for Mercury account holders.
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Strategic cash management
made simple

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Effortlessly earn up to 4.44%

Qualify for Mercury Treasury with a minimum balance of $500K across your Mercury accounts.

Secure your runway

Your money is invested in lower-risk mutual funds held in your name.

Automate your cash management

Set custom auto-transfers between your operating and investment accounts.

Access your capital any time

Get the flexibility you need with withdrawals as soon as same day.

Growth for the long term, flexibility in the short term

Customize your portfolio allocation across top-tier funds

Put your cash management strategy on cruise control with automated transfers

Mercury has made the process of transferring funds between a high-yield Treasury account and a checking account remarkably seamless, ensuring we make the most of every dollar.

Amaro Luna

Co-founder, Telegraph

Unlock high yields without locking up your money

Unlike other high-yield investments, your money is always within reach with Mercury Treasury. You can easily transfer funds to your checking account as soon as same day.

Earn up to 4.44% yield.
No surprise fees.

Total Mercury deposits

Yield (net of fees) up to

> $20M

4.44%

$10–$20M

4.35%

$5–$10M

4.25%

$2–$5M

4.14%

$500K–$2M

3.99%

< $500K

Not eligible for Mercury Treasury

There are no fees to open an account or transact with Mercury Treasury. You’ll be charged a small percentage of your total monthly Mercury Treasury positions at a rate determined by the total deposits held across all your Mercury accounts, ranging from 0.15% to 0.60%. All yield figures are net of fees.

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Invest on a whole new level with Mercury Treasury Solutions by Morgan Stanley

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  • Qualify with a $25M balance across Mercury accounts
  • Maximize yield through a wide range of short-term securities
  • Get dedicated, white-glove service from Morgan Stanley’s experienced portfolio management team
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Access an entire financial platform powered by the bank account

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Checking and savings accounts

Secure up to $5M in FDIC insurance through our partner banks and their sweep networks.

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Confidently scale your team with the IO Mastercard. Earn 1.5% cashback with startup-friendly credit limits.

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FAQs

Today, most businesses are eligible for Mercury Treasury if they meet two requirements:
  1. They are physically located in one of the following countries: United States, United Kingdom, Canada, India, Singapore, Israel, Netherlands, Spain, Germany, Denmark, Australia, or Mexico
  2. They meet the minimum balance requirement of $500,000 across all Mercury accounts
We are working hard to make Mercury Treasury available to more businesses, so please check back regularly for the latest eligibility criteria. Unfortunately, we cannot support businesses that meet any of the following criteria at this time:
  • LLCs taxed as sole proprietorships
  • Nonprofits or other 501(c)(3) organizations
  • Foreign financial institutions
  • Banks organized under foreign laws and located outside of the United States
  • Legal entity customers who are exempt from identifying and verifying beneficial owners
  • Certain registered and exempt investment advisers
  • Securities brokers or dealers
  • Businesses with a beneficial owner that has a home address in certain restricted countries

  • There are no fees to open an account or transact with Mercury Treasury. 
  • Users are charged a small percentage of their total monthly Mercury Treasury positions at a rate determined by the total deposits held across all your Mercury accounts, ranging from 0.15% to 0.6%. 
  • Yield and fee caps are represented as annualized numbers. Mercury Treasury, by Mercury Advisory, LLC, an SEC-registered investment adviser, seeks to earn net returns up to 4.44% annually on your idle cash for Mercury deposit sizes over $20M. Net yield numbers as of .
  • Mercury Treasury Solutions with Morgan Stanley has a separate fee structure. Please contact us to learn more about Mercury Treasury Solutions and associated fees. 
  • Please see important terms and conditions at the bottom of this page.

Yes, you can withdraw money from your Mercury Treasury account at any time — the time it takes to transfer out will vary depending on which fund the money is invested in. Money invested in J.P. Morgan U.S. Treasury Plus Money Market Fund is available the same day if the transfer is initiated by 3pm ET, subject to partner processing times. Money invested in Morgan Stanley Ultra-Short Income Portfolio will be available as soon as 1-2 business days later, but it can take up to 4 business days.

Your Mercury Treasury account is held in your name at our partner, Apex Clearing Corp, a FINRA-regulated broker-dealer that has been in business for over 40 years. This means that every time a customer signs up for Mercury Treasury, we open an account in their name at Apex, which holds their funds in custody. A few other things to note about Apex:
  • It maintains a detailed record of each Treasury customer’s holdings and is prohibited from using any of these funds or securities for its own purposes — or from commingling them with its own customers’ holdings.
  • It is regulated by the SEC and FINRA.
  • It is regularly audited and must publish its financial statements to the public.
  • It is required to keep excess capital on hand to ensure customer deposits are protected.
We’ve worked with experienced regulatory counsel to set this up. Regardless of what happens to Mercury, any funds and securities held at Apex will remain safe and accessible.

Funds invested via Mercury Treasury are protected in several ways:
  • Your Mercury Treasury account is held in your name with our partner, Apex Clearing Corp. Apex Clearing Corp maintains a detailed record of each Treasury customer’s holdings and is prohibited from using any of these funds or securities for its own purposes, and from commingling them with its own customers’ holdings. Because assets are held in your name, they remain available to be transferred to an account at another broker in any of the following events:
    • Mercury bankruptcy, financial instability, sale or acquisition
    • Apex bankruptcy, financial instability, sale or acquisition
  • Apex is regulated by the SEC and FINRA, and is regularly audited and must publish financial statements to the public. Apex is also required to keep excess capital on hand to ensure customer deposits are protected.
  • Mercury Treasury offers two mutual funds that invest in lower-risk, short-term debt securities, such as Treasury bills, municipal debt, or corporate bonds. See the fund prospectuses for details on each fund’s holdings:
  • Mercury Treasury accounts are covered by the Securities Investor Protection Corporation (SIPC) insurance. This applies in the event that assets are lost or missing from a customer’s accounts during the time a financially-troubled or failed brokerage firm is being unwound. SIPC protects $500,000 worth of securities and cash, with maximum protection for cash of $250,000 and $250,000 in investments.

Mercury Treasury investments are held at Apex Clearing Corp, which is insured by the Securities Investor Protection Corporation (SIPC). In the unlikely event that Mercury’s brokerage firm fails, the SIPC will insure customers up to $500K in securities and cash.

Mercury Treasury is currently available to users with account balances over $500K across all Mercury accounts. We hope to open Mercury Treasury to all users in the future.

Mercury Treasury Solutions with Morgan Stanley is currently available to Mercury account holders that have account balances exceeding $25M. Reach out to [email protected] or contact your personal relationship manager for more details.

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Disclaimers and footnotes

    Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column N.A., and Evolve Bank & Trust, Members FDIC. Deposit insurance covers the failure of an insured bank.