| Hey, thanks Martin. 1. As others have said in the comments, I wouldn't assume all funds are 100% insured. It is trending that way but I think if you are a CFO managing 10s of millions, its responsible to consider other assets. 2. Our interest rates on Treasury are pretty competitive, up to 4.67% for the slightly-less-conservative fund MULSX (various conditions apply, depends on how much you hold in treasury, etc; see https://mercury.com/treasury for details). We are OK not having the absolute highest interest rate offering. Our position is: * The Mercury product is much better than what most banks offer, across features like searching transactions, WebAuthn logins, virtual cards, etc (You can try the whole website at https://demo.mercury.com/) * Mercury is much better optimized for startups (eg compliance that understands startup needs, doesn't ask your CEO to go into a branch to send wires) You can always get a higher interest rate by eg buying treasuries yourself. Our position is for most founders, investing in these mutual funds is a safe, no-brainer options that optimizes for safety while keeping the convenience of a single dashboard. |