Cash Management
Built for Liquidity
Put idle cash to work with a Treasury bill ladder designed for liquidity, safety, and state-tax exempt income.
Current yield
3.95%+
APY *
*Yield is an annualized 4-week T-bill rate when held to maturity as of 10/06/2026. The yield shown is subject to market fluctuation.
Current yield
3.95%+
APY *
*Yield is an annualized 4-week T-bill rate when held to maturity as of 10/06/2026. The yield shown is subject to market fluctuation.
Cash that stays safe, liquid, and productive
State Tax Advantage
Interest from U.S. Treasury bills is exempt from state and local personal income taxes.
High Liquidity
Treasury bills are highly liquid with one-day settlement, giving you quick access to your funds when you need them.
T-Bill Laddering
A staggered ladder across 8-week, 12-week, 24-week, and 32-week maturities can help balance yield, reinvestment flexibility, and cash availability.
No Fund Expense Ratio
Buying Treasury bills directly avoids the fund expense ratios that can quietly reduce the return from cash alternatives.
Secure Custody
Treasury bills are held in your account at a leading third-party custodian, alongside your broader investments.
Treasury Backed
Treasury bills are backed by the full faith and credit of the U.S. government and are considered one of the safest investments available.
How it compares
T-Bill economics, side by side with two of the most common cash alternatives.
- After-tax yield (CA)
- Higher - state and local tax exempt
- Expense ratio
- 0%
- Settlement
- Next-day
- Custodial protection
- SIPC at Schwab
- Yield lock-in
- Yes - laddered
- After-tax yield (CA)
- Lower - fully taxable
- Expense ratio
- 0%
- Settlement
- Same-day
- Custodial protection
- FDIC up to $250k
- Yield lock-in
- No - variable
- After-tax yield (CA)
- Lower - mostly taxable
- Expense ratio
- 0.10-0.40%
- Settlement
- Same-day
- Custodial protection
- SIPC
- Yield lock-in
- No - variable
Yields and expense ratios are illustrative and subject to market conditions. Tax treatment varies by state and individual situation.
Why cash works harder with Aure
Higher After-Tax Focus
Cash management is evaluated through the lens of after-tax return, especially for residents of high-tax states.
Simple Implementation
We can help build and monitor the ladder, so cash reserves do not sit idle or require constant manual reinvestment decisions.
Integrated With Your Plan
Cash strategy is coordinated with taxes, portfolio allocation, liquidity needs, and upcoming goals rather than treated as a separate account.
Ready to optimize your cash?
Build a Treasury bill ladder designed around your liquidity needs and financial goals.