Financial Management Solutions
Carry Launches Smart Yield: An Innovative, Tax-Optimized Investment Alternative To High-Yield Savings Accounts
Share
NEW YORK, May 22, 2025 /PRNewswire/ -- Carry, the financial platform designed to help users grow wealth by optimizing taxes, today announced the launch of Smart Yield, a next-generation investment alternative to traditional high-yield savings accounts. Smart Yield helps users optimize after-tax cash returns through automated allocations to strategic money market funds, many of which can be federal, state, or local tax-free.
Smart Yield is designed for users who want their idle cash to work harder without sacrificing liquidity or tax efficiency. The product aims to automatically select the optimal money market mutual fund based on each user's tax inputs, such as filing status, state residence, and income, and reallocates accordingly as yields and market conditions change.
"We built Smart Yield because we saw too many users parking large cash balances in tax-inefficient funds," said Ankur Nagpal, founder of Carry. "This could help users take home more on their cash, potentially with zero federal or state taxes, inside of their carry accounts."
Why Smart Yield Stands Out:
- Clients are allocated to a strategic list of money market funds that invest in U.S. treasuries, government or municipal securities, often tax-free at the federal, state, or local level.
- Daily yield scans calculate the optimal tax equivalent yield based on your personal tax situation.
- Intelligent reallocations based on your personal inputs and market yields
- Highly liquid and generally redeemable quickly, without redemption fees.
- Works with taxable brokerage accounts, Solo 401k, Traditional IRA, and Roth IRA accounts.
Getting started is simple:
- Sign up for a Carry Membership
- Open your account (Solo 401k, IRA, or brokerage).
- Go to the Investments page and select Smart Yield.
- Allocate existing cash or deposit new funds
Smart Yield joins Carry's growing suite of tools for independent professionals. Smart Yield optimizes for tax-equivalent yields, which are net of underlying fund expenses but not inclusive of Carry Advisor's annual advisory fee of 0.20%.
About Carry
Carry is a fintech platform purpose-built for business owners, freelancers, and high-income professionals. It combines tax-optimized retirement accounts, self-directed investing, alternative assets, and integrated tax filing—all in one easy-to-use experience. Carry helps users grow their wealth through optimizing tax burdens, with plans tailored for every stage of the entrepreneurial journey.
Disclosures:
Smart Yield is offered by Carry Advisors LLC, an SEC registered investment advisor wholly owned by The Vibes Company Inc ("Vibes"). While Carry Advisors can provide general information and guidance, this should not be misconstrued as tax advice as Carry Advisors is not a tax professional. Carry Advisors strongly recommends consulting with a qualified tax professional for personalized advice on your specific tax situation.
Carry is a financial technology company, not a bank or FDIC-insured depository institution. Smart Yield holdings are not FDIC-insured and may lose value. Yields fluctuate daily, and are not guaranteed. Annual Vibes membership required. See Disclosures
Start optimizing your cash today with Smart Yield:https://carry.com
Media Contact: Ankur Nagpal ankur@carry.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/carry-launches-smart-yield-an-innovative-tax-optimized-investment-alternative-to-high-yield-savings-accounts-302462615.html
SOURCE The Vibes Company Inc
Frequently Asked Questions
What is Smart Yield?
Smart Yield is a next-generation investment alternative designed to optimize after-tax cash returns by allocating funds to strategic money market funds, some of which may be tax-free.
How does Smart Yield work?
Smart Yield automatically selects the optimal money market mutual fund based on your tax inputs (filing status, state, income) and reallocates as yields and market conditions change.
What types of accounts are compatible with Smart Yield?
Smart Yield works with taxable brokerage accounts, Solo 401k, Traditional IRA, and Roth IRA accounts.
First published on Fri, May 23, 2025
Enjoyed what you read? Great news – there’s a lot more to explore!
Dive into our content repository of the latest tech news, a diverse range of articles spanning introductory guides, product reviews, trends and more, along with engaging interviews, up-to-date AI blogs and hilarious tech memes!
Also explore our collection of branded insights via informative white papers, enlightening case studies, in-depth reports, educational videos and exciting events and webinars from leading global brands.
Head to the TechDogs homepage to Know Your World of technology today!
Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. While we aim to provide valuable and helpful information, some content on TechDogs' site may not have been thoroughly reviewed for every detail or aspect. We encourage users to verify any information independently where necessary.
Trending PR Newswire
Instantgmp Modernizes Software Validation With FDA Computer Software Assurance-Aligned Approach
Openinfra Foundation Announces Viettel As Newest Platinum Member, Advancing Open Source Cloud Infrastructure Across Vietnam And Southeast Asia
Persistent And Digitalocean Announce Strategic Partnership To Advance Accessible, Scalable And Secure AI
The Ameriflex Group Welcomes 11 Advisors Representing Over $1 Billion In Client Assets During Second Half Of 2025
Global Brands Turn To Shoplazza As Platform Reliability Becomes Top Priority
Join Our Newsletter
Get weekly news, engaging articles, and career tips-all free!
By subscribing to our newsletter, you're cool with our terms and conditions and agree to our Privacy Policy.
Join The Discussion