Public.com has launced its Treasury Account that will earn 5.24% APY.
- Update 5/18/2023: Rate has updated to 5.24% APY.
- Update 5/12/2023: Rate has updated to 5.15% APY.
- Update 4/25/2023: Rate has updated to 5.0% APY. You can now sign up.
- Update 2/15/2023: Rate has increased from 4.8% APY to 5.1% APY. Product is still showing as “Coming Soon”.
Public.com is a social investment platform that allows users to buy and sell stocks and exchange ideas with a community of investors.
The company’s mission is to make the stock market more accessible and social, and they offer features such as commission-free trading, a social feed where users can share their thoughts and insights on different stocks, and a variety of educational resources to help users learn about investing.
Public.com is a US-based company, headquartered in New York and founded in 2019, it is a regulated by SEC, FINRA, and SIPC. It’s a member of the NYSE and SIPC.
Public.com is available for the US citizens only.
See Posts History below for more offers from this institution.
READ MORE: Public.com Bonus: $300 In Free Stock, Up To $10,000 Brokerage Transfer Offers
Offer Details
By moving your money into a Treasury Account on Public, you can earn the current yield of 5.24% APY.
- When you put money into a Treasury Account on Public, you will earn the safe and reliable yield of Treasury bills. The US Treasury issues these short-term securities, which usually pay a higher interest rate than traditional and high-yield savings accounts.
If you don’t have a Public account yet, you can open one here and get a bonus.
What Are Treasury Bills?
Treasury bills, also called “T-bills,” are short-term securities that the US Treasury sells to raise money for public projects. They are sold at a discount, and when they reach maturity, the full amount is paid out. Think of them as a government-backed promissory note.
Get Backing Of The U.S. Government
Treasury bills are thought to be one of the safest ways to invest because the US government backs them with its full faith and credit. When you move your money into US Treasuries, you lock in your rate so you can make a reliable return.
Manage All Your Investments With Public
On Public, you can manage your Treasury Account right alongside your stocks, ETFs, crypto, and alternative assets.
READ MORE: INVESTORS ARE LOVING THIS BONUS PROMOTION
Bottom Line
Treasury bills, or T-bills for short, are a type of debt security issued by the U.S. Department of the Treasury. They are considered to be one of the safest investments available because they are backed by the full faith and credit of the U.S. government.
T-bills have a maturity of one year or less and are sold at a discount to their face value. For example, an investor might purchase a $1,000 T-bill for $950. When the T-bill matures, the investor will receive the full $1,000 face value. The difference between the purchase price and the face value represents the interest earned by the investor.
T-bills are considered to be a low-risk, low-return investment and are often used by investors seeking a safe place to park their money for a short period of time. They are also commonly used as a benchmark for other short-term interest rates. The U.S. Treasury auctions T-bills every week.
If you don’t have a Public account yet, you can open one here and get a bonus.
More from Public.com:
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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