1. Deposit or transfer existing stock, bond, & ETF positions valued up to $1M to a new Silo account.
2. Earn 0.5% cash back on your entire account balance every year for a $500 annual fee.
Note: You will only be charged the annual fee if you open an account and manually choose to opt in to the Silo Cash Back program. Otherwise, no annual fee.
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Tens of millions of people invest in index funds - and with good reason. With cash back, you can continue dollar cost averaging into your favorite ETFs while boosting your returns! Here's how much is invested in some of the most popular ETFs.
Modern investing platforms have become "commission free", yet they're still highly lucrative thanks to interest based revenue. We want to push the industry one step further by offering cash back! Here's how much you can earn based your portfolio size:
Did you think that commissions were the main way that giants like Blackrock and Schwab make money? Their primary source is actually interest based revenue from idle cash and margin.
$500 annual subscription fee from cash back members offset much of our operating expenses
Our custodian, Interactive Brokers, handles all interest based activities
We are currently an RIA. Once we become a broker dealer, we will split interest and margin revenue with Interactive Brokers
3 layers protect your assets. The FDIC, the SIPC, and Interactive Brokers (IBKR). All assets are stored with IBKR, a debt-free firm with over 45 years of Wall Street experience!
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