Comment by andrewljohnson
12 hours ago
We use Mercury’s treasury account to get yields on cash, and what appeals to me is it is easy to manage. I don’t have to worry about setting up processes to move money around and it’s integrated with my bank account, and we wouldn’t want to switch even for a higher yield… the operational burden is more important to us than yield.
I think the yield is about 3.2% based on how we set it up to be as liquid as possible. We could have accepted less liquidity for more like 3.8%
Hey Andrew thanks for the feedback
We know that the main barrier to switching is just time and ease of use, so we deliberately built this to have the same operational burden as using your current treasury product
Palus links straight to your bank account just like Mercury, and we'll also allow you to set up rules for moving money around!
That said, if there's any other features that really keep people tied to their current products we want to know about it. Our goal here is to build something that actually cares about the fact that you're a startup with limited time to care about yields, and not just throw your money in a generic fund and forget you exist