Jiko: Spendable T-Bills

Jiko Technologies

About this app

Jiko makes investing in T-bills free, direct, and automatic. Generally considered one of the safest investments in the world, T-bills offer competitive yields. Jiko provides seamless access to the safety and yield of T-bills with on-demand liquidity.

EARN WHEN YOU SAVE
Jiko accounts keep your money directly invested in T-Bills, so you earn the yield and take home 100% of the earnings your investments generate. Any earnings are updated in real-time on the Jiko app and may be tax exempt at the state and local level(2).

REWARDS WHEN YOU SPEND
Access your money instantly by using Jiko debit cards. When you use your card, your investments are liquidated in real time to cover the cost of your purchase. Plus, you can earn 1% cashback on debit card purchases(1).

TRANSPARENT AND SECURE
Store your money in government-backed assets that are held in custody at BNY Mellon. You can spend with confidence as the Jiko Solid™ Debit Card displays limited information and can be locked from the app. Use Jiko Virtual Cards to generate multiple card numbers for online spending(3).

ABOUT
Jiko is a revolutionary new financial network, enabling money storage and movement, starting with the power of T-bills, made spendable. As a vertically integrated bank holding company and registered broker-dealer, Jiko has built scalable and secure software from the ground up to enable money storage and movement through programmatic investments in T-bills.

DISCLOSURES

INVESTMENTS IN T-BILLS::
Not FDIC Insured • No Bank Guarantee • May Lose Value

All U.S. treasury investments and investment advisory services provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. Securities in your account are protected up to $500,000. For details, please see www.sipc.org.

Banking services provided by Jiko Bank, a division of Mid-Central National Bank.

Jiko Group, Inc. and its affiliates do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. See FINRA BrokerCheck (https://brokercheck.finra.org/firm/summary/287507), Jiko U.S. Treasuries Risk Disclosures (https://jiko.io/docs/disclosures.pdf) and Jiko Securities Inc. Form CRS (https://jiko.io/docs/CRSRelationshipSummary.pdf).

Illustrations not representative of future or past performance.

1 - Cashback rewards apply to qualifying purchases only. See our Reward Program Terms for more information: https://jiko.io/docs/RewardProgram.pdf.

2 - Profits from T-Bills may or may not be tax exempt at the state and local level. We do not provide tax or legal advice. Please refer to your financial advisor or tax professional for advice.

3 - Subject to current limitations. Learn more at https://jiko.io/docs/limitations.pdf

Ratings and reviews

I haven't invested yet but the concept. If you've never invested with treasury direct.gov before it's kind of hard to get tbills. It looks like you can $100 denominations at a discount and it's basically the equivalent of a discount certificate of deposit that lets you pull out when you need the money. I'm throwing in $100 to see where it goes. Wish me luck :)

I think this concept sounds great, but the app is not functioning properly. I downloaded the version available on Google Play, and set about registering within the app. The app then instructed me to download the latest version, and sent me back to Google play, where my only option was to open the existing app. And on and on it went. No updated version available to allow me to register. I'm looking forward to trying this out, so please correct.

Installed the app on my Android phone. When I tried to go through the setup process, after entering my email address, it told me I needed to download the latest version of the app, and then I went around and around in an endless loop.

What's new

WHAT’S IMPROVED
[^] Bug fixes and general improvements.