We’ve received an incredible amount of interest for Round’s 'Enhanced Cash' account, and our team is excited to share the details with you below.
What is an Enhanced Cash account?
Round's Enhanced Cash account aims to provide a higher yield than high-yield savings accounts while taking on less risk than a traditional fixed-income fund.
What are the yields of the funds I'm investing in?
The weighted average SEC 30 Day Yield of the funds in the Round Cash Strategy is 1.33%
This figure is not net of Round's program fee. See the disclosure in the footer for full details.
What does this account invest in?
Highly liquid, short-duration fixed-income funds.
What You Need To Know
How do I get an Enhanced Cash account?
For now, you will have to create a separate account. The easiest way to do this is by using your same email address and using a +.
Let's say the email address you use is firstname.lastname@example.org. When creating a new account, you would just use email@example.com. By adding the +cash, it still goes to your email address.
Go through creating and funding your account as normal, and then message us requesting your account to be an enhanced cash account once completed. You can email us at firstname.lastname@example.org or by using the in-app chat functionality.
What else should I know?
It is important to know that this is not a bank account. There is the risk of principal loss. However, we believe the risk is low. These funds are run by large fund managers and are invested in fairly vanilla bonds, like commercial paper, T-bills, etc.
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