A High-Yield Savings Account (HYSA) is simple: you deposit cash in a bank, eligible deposits are FDIC-insured if the bank fails, and you earn a variable interest rate that the bank can change at any time. Rivo works differently. Instead of sitting in a bank account, your idle cash gets automatically invested in short-term U.S. Treasury Bills through Rivo's brokerage partner. This changes a few things. Protection: You get SIPC coverage (up to $500,000) instead of FDIC insurance. SIPC protects your assets if the brokerage fails, but it doesn't guarantee returns the way FDIC-backed accounts protect deposits. Returns: Because it's a market-based investment, your return can vary and isn't guaranteed like a bank rate. Automation: If you are on Rivo Autopilot, you don't have to manually move money around. Rivo automatically pulls funds back into your account before your bills are due, though transfers take 1-3 business days, so timing matters. Risk if you sell early: If you need to access your money before the T-Bill matures, selling early could reduce your return.
Investments in T-bills: Not FDIC Insured - No Bank Guarantee - May Lose Value. All U.S. treasury investments and investment advisory services provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. Securities in your account are protected up to $500,000. For details, please see www.sipc.org. Banking services provided by Jiko Bank, a division of Mid-Central National Bank. Jiko Group, Inc. and its affiliates do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. See FINRA BrokerCheck, Jiko U.S. Treasuries Risk Disclosures and Jiko Securities Inc. Form CRS.