Strategic cash management
made simple
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.
Keep your capital close by
Get the flexibility you need with highly-liquid investments right in your Mercury account.
Growth for the long term, flexibility in the short term
Customize your portfolio allocation across two top-tier funds
- The Vanguard Treasury Money Market Fund is 99.5% invested in U.S. government-backed securities
- The Morgan Stanley Ultra-Short Income Portfolio invests in commercial paper and certificates of deposit and carries the highest Fitch rating
- Personalized portfolio management services are available for customers with $25M in Mercury balances
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 within 1–3 business days.
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.
Take your portfolio to the next level
Get access to personalized portfolio management with Mercury Treasury Solutions by Morgan Stanley
Contact Us- Qualify with a $25M balance across Mercury accounts
- Maximize yield through a wide range of short-term securities
- Get white-glove service from Morgan Stanley’s experienced portfolio management team
Access an entire financial platform powered by the bank account
FAQs
Today, most U.S.-based businesses which meet the minimum balance requirement of $500,000 across all Mercury accounts are eligible for Mercury Treasury. 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:
- Businesses physically located outside of the United States
- 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 4.88% 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.
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.
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.
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:
- Vanguard Treasury Money Market Fund (VUSXX) is 99.5% invested in U.S. government-backed securities. It is one of the most conservative investment options offered by Vanguard.
- Morgan Stanley Ultra-Short Income Portfolio (MULSX) is a mutual fund that invests in highly-liquid instruments such as commercial paper and Certificates of Deposit. It carries the highest Fitch rating for underlying credit quality and very low sensitivity to market risk.
- 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 is currently available to users with account balances over $500K. 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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