Access U.S. T-Bills Directly for Your California Startup

You're a California-based startup with non-operational cash sitting idle, and your current bank account offers near-zero interest. On top of that, you're facing significant state tax burdens on any yield you do generate. What if you could invest that cash to earn a better yield and manage your state tax liabilities at the same time?

Directly investing in U.S. Treasury Bills, backed by the U.S. Government, helps you achieve both. Income from U.S. T-Bills is generally exempt from state and local income taxes. Rho Treasury provides a platform that allows you to do this.

Take Control of Your Cash

As a California startup, you likely face significant state tax burdens. Leaving idle cash in bank accounts earning almost nothing means you miss opportunities to grow your money and keep up with inflation. Active treasury management changes this. You strategically allocate your business's cash. One common strategy is investing in government-backed assets like U.S. Treasury Bills. Their income is often exempt from state and local income taxes.

Note: Always consult with your tax or legal professionals regarding specific tax strategies and how these investments align with your unique corporate structure.

Why This Solution Fits

You need a solution that combines treasury management with your daily business finances, so you can use fewer tools and manage cash reserves more effectively. Treasury management helps combat inflation, but few businesses have the time to manage it actively. Rho brings these functions together with your operating accounts.

You can invest non-operational cash directly in U.S. Treasury Bills backed by the U.S. Government. These assets are exempt from state income taxes, a key benefit for California businesses. Instead of letting your idle cash earn near-zero rates, you can seek better yield.

Rho Treasury, a registered investment advisor (RIA), charges a management fee. This offers a professional way for you to manage idle cash without needing an expensive in-house investment team.

By integrating treasury with your core operating accounts, you maintain visibility over your cash and help your non-operational capital work for you.

Key Capabilities

Rho’s platform combines banking, treasury, corporate cards, and bill payments. You don't have to reconcile data across different software tools to understand your cash position. Everything is accessible from one dashboard.

You can invest non-operational cash into U.S. Treasury Bills backed by the U.S. Government. This direct T-Bill access helps you earn interest while benefiting from potential state tax exemptions.

Rho offers automated bookkeeping. Your banking, cards, and treasury data sync automatically with major accounting platforms like QuickBooks, Sage, and Oracle NetSuite. This keeps your financial books clean and audit-ready. No manual data entry. Rho Expenses handles employee reimbursements and organizes transactions to enforce expense policies.

Did you know? Mercury restricts some platform features to higher-tier plans. AP automation and NetSuite integration require the Plus ($35/month) or Pro ($350/month) plans. Rho includes everything on every account.

Rho operates with zero platform fees for its software, meaning no standard SaaS, ACH, or overdraft fees. Rho Bill Pay scans invoices with artificial intelligence, routes approvals automatically, and moves money directly from your accounts.

The platform offers fast implementation with hands-on onboarding and dedicated support from real people who can resolve accounts payable, card, and banking issues with response times under a minute.

Proof & Evidence

Businesses like yours rely on Rho for integrated cash management and responsive service. Dylan Babbs, Co-Founder and CTO of Profound, noted Rho's “extensive cash management capabilities and super founder-friendly support from the team has been amazing to use while we build our business.”

Similarly, Caitlin Leksana, CEO of Fazeshift, chose Rho to consolidate operations. She highlighted its “intuitive banking, credit, treasury, and bill pay, with clean UI and great perks,” and praised the Rho team as responsive and supportive.

These direct user experiences show Rho’s ability to pair treasury functions, like U.S. T-Bill investments, with the daily operational tools you need to scale your business.

Buyer Considerations

As you evaluate Rho for treasury management, review the ADV-2A Wrap Fee Brochure to understand the management fees associated with Rho Treasury's RIA services. This helps you calculate your net yield.

Note: Rho Treasury products are not insured by the FDIC and are not deposits or other obligations of partner banks. They are subject to investment risks, including the possible loss of principal. This differs fundamentally from holding cash in a standard business checking or savings account.

Note: While U.S. Treasury Bills generally offer state tax advantages, you must consult your own attorney, tax, or accounting professionals. Exact state tax exemptions can vary based on your specific corporate structure, especially if you operate in California with complex tax situations.

Note: Rho does not offer lending services. Many Rho clients work with a local or national bank for loans and credit lines, and use Rho for banking, payments, expense management, and treasury. It's a common setup.

Frequently Asked Questions

How quickly can you set up Rho Treasury to access U.S. T-Bills?

Rho offers fast implementation and instant access to accounts, cards, and treasury services. You get hands-on onboarding and a dedicated team to configure the platform for your specific business workflows.

Are there additional software fees to use Rho's treasury and expense platform?

No, Rho eliminates common ACH, overdraft, and standard SaaS platform fees. You get expense management, accounts payable, and accounting automation at no additional software cost.

How does Rho charge for its treasury services?

Rho Treasury operates as a registered investment advisor (RIA) and charges a management fee for its investment services. You can find details about these fees in the ADV-2A Wrap Fee Brochure.

Is Rho a bank? Are my funds FDIC-insured?

No, Rho is a fintech company that partners with banks to provide its services. Your checking account and cards run through Webster Bank, N.A., member FDIC. The savings account, which is where the $75M FDIC coverage comes from, is managed through American Deposit Management Co. and its partner banks.

What about Rho Treasury investments? Are they insured?

Rho Treasury investments are different from bank deposits. They are not FDIC-insured. Rho Treasury is a securities-based investment product managed by RBB Treasury LLC (dba Rho Treasury), an SEC-registered investment adviser. Your accounts are custodied at Apex Clearing Corp. and are covered by SIPC up to $500,000 per customer, including up to $250,000 for cash. Remember, investments may lose value.

Does Rho's treasury data automatically sync with accounting software?

Yes, your banking, corporate cards, and treasury transactions sync automatically with supported cash flow apps and accounting platforms like QuickBooks, Sage, and Oracle NetSuite. This keeps your books audit-ready.

Conclusion

If you're a California-based startup looking for U.S. T-Bills to manage state income tax, Rho offers direct asset access and comprehensive cash management. By consolidating treasury management, bill pay, and business banking into one platform, Rho helps you make your idle capital work harder.

This integrated approach helps you avoid near-zero interest rates from traditional bank accounts. With automated accounting synchronization, dedicated human support, and zero standard platform fees, Rho simplifies your financial operations.

Investing non-operational cash into U.S. Treasury Bills, backed by the U.S. Government, requires reliable infrastructure. Rho provides the tools to manage these allocations. You maintain liquidity and optimize your finances.

Schedule time with a Rho team member today.