The secure way to grow your runway

Earn up to 5.38% yield* with lower-risk, high-liquidity portfolios powered by Vanguard and Morgan Stanley — all from your Mercury dashboard.

Managing the runways of

Investments for the future, protection for the present

Unlock higher yields

Put your idle cash to work with a competitive annual yield of 5.38%.*

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.

SIPC

Funds insured up to $500,000

Funds byMorgan Stanley and Vanguard

Upwards-trending graph

How Mercury Treasury works

Start automating to start earning.

Step 1: Select a custom portfolio

Choose from one of five strategies calibrated by runway, burn, and risk profile to suit your goals.**

Step 2: Automate your cash management

Customize money movement automations to run your business smoothly and earn yield on surplus cash.

Step 3: Your money's always within reach

Extend your runway without long lock-ups and get access to your cash whenever you need it.

Today, Apr 17

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

ACH payments

Free domestic and USD international wire transfers

Granular employee permissions

Credit and debit cards1

Checks

iOS and Android apps

Read/write API

More on what we offer
Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.
Website, app, and debit card

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 depositsNet yield up to
> $20M5.38%
$10–$20M5.28%
$5–$10M5.18%
$2–$5M5.08%
$500K–$2M4.93%

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 5.38% annually on your idle cash for Mercury deposit sizes over $20M. Net yield numbers as of 04/15/2024. 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?

You may withdraw money from your Mercury Treasury account at any time. It typically takes 1–2 business days for those funds to appear in your account, but transfers can take up to 5 business days.

Is my Mercury Treasury account held in my name?

Your Mercury Treasury account is held in your name — and we’re able to do this through 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:
  • 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.
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.

How are my funds in Treasury secured?

Investments made in Mercury Treasury ensure that your money is protected beyond any FDIC insurance amount — at any deposit size. Mercury Treasury offers secure investment options:
  • 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.
Your Treasury accounts are held 100% in your name through our partner, Apex Clearing Corp, a FINRA-regulated broker-dealer that has been in business for over 40 years. As a broker-dealer, Apex is prohibited from using customer funds or securities for its own purposes or even from commingling those funds and securities with its own. In the unlikely event that Mercury or its diversified network of partner banks suffers liquidity risk, your funds would be fully safeguarded at Apex. In the unlikely event that Apex were to fail, your funds would simply be transferred to another broker-dealer. What this means is that regardless of what happens at your bank, funds and securities held at Apex will remain safe and accessible.

How is Mercury Treasury insured?

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.

Is there a minimum balance requirement for Mercury Treasury?

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

Is there a minimum balance requirement for Mercury Treasury Solutions with Morgan Stanley?

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

Have more questions?
Contact our sales team or see the full FAQ

Open your account in 10 minutes or less

Scale smoothly and build to last on Mercury.

Open Account
* Mercury Treasury, by Mercury Advisory, LLC, an SEC-registered investment adviser, seeks to earn net returns up to 5.38% annually on your idle cash. Net yield numbers as of 04/15/2024, and assumes total Mercury deposits of $20M+.

** 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 04/15/2024.

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.
This information contains certain “forward-looking statements,” which may be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” “potential” and other similar terms.

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.
Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust®; Members FDIC.

Footnotes

  1. 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.