Meet the Automated Bond Ladder

5.21% - 5.26%

Range of current yields on Treasuries in our
6-month ladder, after our 0.25% advisory fee.

No advisory fee on your Automated Bond Ladder for

the first 6 months! Offer ends 6/30/2024. Terms apply.

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Earn more on your extra cash with zero state taxes.

A ladder of US Treasuries can help you earn more — and keep more — than most savings accounts and some CDs. Since Treasuries are exempt from state and local income taxes, you can take home more interest on money you may be saving for future expenses.

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automated bond ladder mobile app
800K+
Trusted clients
$60B+
In assets managed

Curious what $0 in state income taxes could mean for you?

You’d have to earn...

0.00%

in fully taxed interest

to match

0.00%

in Treasury interest

Choose ladder duration
2 years

State of residence

Annual income

$150,000

Filing status

Wait, what’s “fully taxed interest?”

By “fully taxed interest” we mean interest that’s taxable at both the state and federal levels. Interest from savings accounts, CDs, and corporate bonds are taxed as ordinary income — all federal and state taxes apply. Treasuries, on the other hand, are exempt from state income taxes.

This interactive analysis tool presents hypothetical outcomes intended for informational purposes only. Average yield estimates assume each ladder rung holds equal weights and all Treasuries are held to maturity. Tax equivalent yield is calculated using federal and state marginal income tax rates based on user inputs. Both figures are net of a 0.25% annual advisory fee. Nothing in this communication should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Please see our Full Disclosure for important details.

Meet the Automated Bond Ladder.

A bond ladder — a portfolio of bonds that mature at different times — is a way to lock in current yields and provide steady income while also preserving capital. We analyze hundreds of Treasuries to build you an optimized portfolio, and manage every aspect of your ladder as time goes on.

Locked-in rates

Take advantage of today’s rates — and earn a steady yield from six months to six years.

Very low risk

US Treasuries are backed by the full faith and credit of the US Government, which means there’s very little risk of default.

Powered by software

Our software compares hundreds of Treasuries to build your ladder, automatically reinvests your interest, and helps keep your taxes low.

Keep your savings up. Even if interest rates drop.

Although the federal funds rate is expected to decline* regularly over the next two years, you can still lock in current rates by investing in a ladder of Treasuries today. By holding multiple Treasuries of different maturities, you’ll earn a steady yield for your chosen duration.

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* See remarks from the Federal Reserve
keep savings up

To build your own bond ladder, you’ll need patience and plenty of research. Or just use our app.

Choose how long you want to invest (from six months to six years) and we’ll show you your estimated average yield. We’ll compare hundreds of Treasuries to prioritize high coupon payments and liquidity, and keep your ladder balanced as your rungs mature.

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All investing involves risk.With Treasuries, that’s not very risky.

Savings account

For your daily expenses and your emergency fund.

US Treasuries

Backed by the full faith and credit of the US government, Treasuries offer a steady rate and are considered among the safest investments in the world.

Index funds

The time-tested approach designed to earn you greater returns over the long term, with more exposure to risk.

Individual stocks

Owning single stocks provides an opportunity to invest in companies you believe in, but can expose you to market volatility and company-specific risks.

Volatility illustration

Where should you save your extra cash? See your options.

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Automated Bond Ladder

Savings account

Certificate of Deposit

Portfolio of corporate bonds

Yield

5.21%5.26%

Range of current yields on Treasuries in our 6-month ladder, after Fee; yields vary over time

0.47% APY

National avg. per FDIC.gov as of April 14, 2024

Variable depending on duration

Variable depending on duration and issuer

Risk of losing principal

Very low if held to maturity:

Treasuries are backed by the full faith and credit of the US government

Very low: Subject to FDIC insurance limits

Very low: Subject to FDIC insurance limits

Medium: Variable based on issuers credit rating

Insurance

SIPC insured up to $500K

FDIC insured up to $250K

Typically FDIC insured up to $250K

Typically SIPC insured when held in a brokerage account

Taxes

Exempt from state and local income taxes; federal income taxes apply

Federal, state, and (potentially) local income taxes apply

Federal, state, and (potentially) local income taxes apply

Federal, state, and (potentially) local income taxes apply

Liquidity

No fees for early withdrawals; selling before maturity can result in reduced yield

Fully liquid

Fees or penalties may apply for early withdrawals

No fees for early withdrawals; selling before maturity can result in reduced yield

Fees

Annual 0.25% advisory fee

No advisory fee on your Automated Bond Ladder for the first 6 months. Offer ends 6/30/24. Terms apply.

Service and maintenance fees may apply

No fees

Management fees and other fees may apply

Ready to start earning? Ladder up.

its a tree, with cherry blossoms
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now

Your bond ladder’s first rung matured. You earned $114.54 in interest.

5.21%5.26% Range of current yields on Treasuries in our 6-month ladder

Pay $0 in state income taxes

Very low risk (Treasuries are backed by the US government)

Withdraw your money with no penalties
Selling before maturity can result in reduced yield and market risk