Yield is accrued on a daily basis, and paid out usually on a monthly basis by each of the underlying ETFs.

The rate can fluctuate as often as daily, based on several factors including the current interest rates (Fed Funds Rate, which changes every 6 weeks), changes in expectation of future interest rates, market price changes in the underlying ETFs, or when the ETF holdings change.

Harvest Treasuries is designed to absorb changes to the Fed Funds rate gradually over time, so this rate won't change at the same time - both going up and down.

Minimum account balance is $25,000. 

There is no maximum account balance, but manual approval by the Arta team is required for balances over $1M USD

Until the end of March 2024, Arta is waiving the management fee (usually 0.2% AUM). Harvest Treasuries invests in low-cost ETFs that hold US Treasuries.  The rate is shown net of these fees.

Most other high yield savings accounts and some cash management accounts claim not to charge a management fee. This could mean they are earning money indirectly by holding the underlying assets themselves, and passing you a cut of the profit via the rate.

Harvest Treasuries enables you to own the underlying assets in your name - so you also get the benefits of the after-tax return, without the hassle of rebalancing the holdings yourself to optimize for smoother yields over time.

The short answer: unlike a savings account, when you put your money into Harvest Treasuries you’re investing directly into US Treasury ETFs. The blended annual percentage yield of these ETFs is higher because there’s no middle-man – you own these assets and the subsequent returns (and tax advantaged returns!), not the bank. 

Harvest Treasuries invests in ETFs that hold US Treasuries. The US Treasury ETFs currently held by the Harvest Treasuries AMP are BIL, TFLO and USFR, as of August 2023.

Harvest Treasuries invests in very liquid US Treasury ETFs. Within your live Harvest Treasuries investment you enter the amount you want to withdraw, and your cash is ready to transfer to your checking account within 1 - 3 days.

Your assets in Harvest Treasuries AMP are protected by the SIPC up to $500K in value, compared to FDIC insurance of up to $250K for cash in a savings account.

You hold the underlying under your name with Arta’s custodian bank, BNY Mellon | Pershing.

Harvest Treasuries can lose or gain small amounts of principal as interest rates move^✱, while money markets and savings accounts do not. 

However, because the underlying asset is in short-duration US Treasuries, price fluctuations are likely to be minimal.

Principal changes in the ETFs may result in capital gains or losses for tax purposes.

Arta is a Securities and Exchange Commission (SEC) registered investment adviser governed by the U.S. Investment Advisers Act of 1940. This means that Arta has a fiduciary responsibility to our members to provide advice that is in our members’ best interests and is unbiased.

Your assets are securely stored (“custodied”) in an account under your name with BNY Mellon | Pershing, one of the most venerated and stable banks in the world.

Learn more about how we’ve built a financial institution so that you have the same level of financial security and stability as the world’s most sophisticated investors.

While you can buy US Treasuries directly from the U.S. Department of the Treasury or brokers like Fidelity, TD Ameritrade, and Schwab (or even directly through Arta!), with Harvest Treasuries you get a distinct advantage. It reallocates and rebalances between different types of Treasury ETFs, blending them in response to changes in the interest rate or market fluctuations in US Treasury prices. This saves you from having to make adjustments yourself in search of the smoothest yield.

Sidenote - have you tried buying Treasuries directly? If you’re up for the challenge, here’s where you do it. It can be a hassle to manage durations and optimize yields of various bonds and notes. This is usually done by battalions of bankers and treasury experts for the ultra-wealthy. Now Arta makes this sophisticated cash management solution work for you.