The secure way to grow your runway
Earn up to 5.43% yield* with lower-risk, high-liquidity portfolios powered by Vanguard and Morgan Stanley — all from your Mercury dashboard.
Investments for the future, protection for the present
Unlock higher yields
Put your idle cash to work with a competitive annual yield of 5.43%.*
Secure your runway
Protect your uninsured deposits with conservative mutual funds.
Manage with ease
Automatically allocate funds to operating accounts and investments.
Performance plus peace of mind
Invest in highly liquid, secure funds. The Vanguard Treasury Money Market Fund is 99.5% invested in U.S. government-backed securities, and the Morgan Stanley Ultra-Short Income Portfolio carries the highest Fitch rating.
Funds insured up to $500,000
Funds byMorgan Stanley and Vanguard
How Mercury Treasury worksStart automating to start earning.
Step 1: Select a custom portfolio
Step 2: Automate your cash management
Step 3: Your money's always within reach
Today, Feb 23
Mercury Treasury Solutions with Morgan Stanley
Strategic cash investment services — eligible to customers with account balances over $25M.
High-touch, white glove service
Get access to Morgan Stanley’s experienced short-duration fixed income portfolio management team.
Personalized portfolio management
Maximize yield on larger cash balances through customized liability matching strategies.
Built on all-in-one banking
Checking and savings accounts
Free domestic and USD international wire transfers
Granular employee permissions
Credit and debit cards1
iOS and Android apps
Learn more about our Treasury options
What does Mercury Treasury cost?
There are no fees to open an account or transact with Mercury Treasury. Instead, 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 (starting at 0.05%). Here’s a breakdown of your potential net yield:
|Total Mercury deposits
|Net yield up to
Please note that Mercury Treasury’s fee floor is 0.05%; 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 5.43% annually on your idle cash for Mercury deposit sizes over $20M. Net yield numbers as of 02/19/2024. Please see important terms and conditions at the bottom of this page.
Mercury Treasury Solutions with Morgan Stanley has a separate fee structure.
Can I withdraw my funds immediately?
Is my Mercury Treasury account held in my name?
- They maintain a detailed record of each Treasury customer’s holdings and are prohibited from using any of these funds or securities for its own purposes — or from commingling them with its own customers’ holdings.
- They are regulated by the SEC and FINRA.
- They are regularly audited and must publish its financial statements to the public.
- They are required to keep excess capital on hand to ensure customer deposits are protected.
How are my funds in Treasury secured?
- Vanguard Treasury Money Market Fund is ultra-conservative and 99.5% invested in U.S. government-backed securities.
- Morgan Stanley Ultra-Short Income Portfolio is a lower-risk fund that invests in ultra short-term instruments like commercial paper and certificates of deposit.
How is Mercury Treasury insured?
Is there a minimum balance requirement for Mercury Treasury?
Is there a minimum balance requirement for Mercury Treasury Solutions with Morgan Stanley?
** Your investments are based on your on-line suitability questionnaire and will be composed of MULSX and VUSXX. MULSX primarily invests in CDs and Commercial Paper and VUSXX primarily invests in Treasury Bills.
The dashboard displays hypothetical growth and a net yield percentage as of 02/19/2024.
Mercury Treasury, by Mercury Advisory, LLC, an SEC-registered investment advisor. Registration with the SEC does not imply a certain level of skill or training. SEC registration does not mean the SEC has approved of the services of the investment adviser.
Mercury Advisory, LLC (the “Firm”) is an investment management firm that offers a wrap fee program that allows small businesses to invest idle cash in relatively low-risk, short-term instruments. Please see the ADV Wrap Fee Brochure for further information regarding fees and conflicts.
The performance discussed herein is historic and reflects an investment for a limited period of time. It should not be assumed that future investors would experience returns, if any, comparable to those illustrated herein. Past performance is not indicative of future returns. Investment results will fluctuate. Returns are not guaranteed. All investments are subject to the risk of loss, including the loss of principal. No representation is being made that an investment account has, will, or is likely to achieve profits or losses equal to the profits or losses shown. Actual returns will vary greatly and depend on personal and market conditions. Before investing, consider your financial goals and the costs of using the program.
Furthermore, the information set forth has been obtained from sources that the Firm believes to be reliable; however, these sources cannot be guaranteed as to their accuracy or completeness. The information contained herein is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities. The information has been prepared solely for the purpose of determining your level of interest in Mercury Treasury and to provide general background information on such algorithmic investment program.
Examples of forward-looking statements include, but are not limited to, estimates with respect to financial condition, results of operations, and success or lack of success of the depicted investment strategy. All are subject to various factors, including, but not limited to general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting operations that could cause actual results to differ materially from projected results.
Targeted returns (e.g., forward-looking statements of performance up to a stated return) reflects the returns that the Firm is seeking to achieve over a particular period of time. Projected returns reflect the Firm’s performance estimate – i.e., the returns that the Firm believes can be achieved using the advertised investment services. Target returns are presented to inform clients or potential clients about the Firm’s risk tolerances when managing the Mercury Treasury strategy and to provide information useful to a client or potential client when assessing how the Firm’s strategy fits within the investor’s overall portfolio. Target returns are not guarantees or promises of future return.
Mercury Treasury is not insured by the FDIC. Mercury Treasury are not deposits or other obligations of Choice Financial Group or Evolve Bank & Trust, and are not guaranteed by Choice Financial Group or Evolve Bank & Trust. Mercury Treasury products are subject to investment risks, including possible loss of the principal invested.
- The Mercury Debit Cards are issued by Choice Financial Group and Evolve Bank & Trust, Members FDIC, pursuant to licenses from MasterCard. The IO Card is issued by Patriot Bank, Member FDIC, pursuant to a license from MasterCard.