What is Smart Yield?
Smart Yield is our alternative to a high-yield savings account. We automatically allocate your cash to strategic money market funds designed to help you keep more of what you earn, potentially with zero federal, state, or local taxes.
Problem
Users currently rely on traditional high-yield savings accounts with lower yields and tax inefficiencies due to taxable interest income.
Solution
An investment platform where users can automatically allocate cash to tax-advantaged money market funds, optimizing returns while minimizing federal, state, and local taxes.
Customers
High-income earners, savvy investors, and financially conscious professionals seeking tax-efficient cash management solutions.
Unique Features
Automated allocation to tax-exempt money market funds, zero-tax potential on earnings, and seamless cash management integration.
User Comments
Simplifies cash optimization
Tax savings are a game-changer
Higher returns than traditional savings
Easy setup and transparency
Reliable alternative to banks
Traction
Launched on ProductHunt in July 2023 with 100+ upvotes; specific revenue/user metrics undisclosed.
Market Size
The global money market fund market reached $5.5 trillion in assets under management (2023), driven by demand for low-risk, liquid investments.
