Question 1

What APY does Rivo pay on checking cash?

Accepted Answer

Rivo Autopilot earns 3.65% APY (as of May 2026) on idle checking cash by automatically moving it into 4-week U.S. Treasury Bills. The rate is dynamic and adjusts with prevailing T-Bill yields and Federal Reserve rate changes.

Question 2

How does Rivo's rate compare to Chase, Bank of America, and Wells Fargo?

Accepted Answer

Chase, Bank of America, and Wells Fargo each pay 0.01% APY on standard checking. The national average for checking is 0.07%. Rivo Autopilot pays 3.65%, more than 50x the national average. On a $20,000 average balance, that's an estimated $742 a year with Rivo vs. $2 at the big three banks.

Question 3

Do I need to switch banks to use Rivo?

Accepted Answer

No. Rivo works with your existing checking account. It connects via Plaid, identifies idle cash, and automatically moves it to and from a high-yield position so you keep your bank, your direct deposit, and your bill pay setup.

Question 4

Is the 3.65% rate guaranteed or promotional?

Accepted Answer

The 3.65% rate reflects the 4-week U.S. Treasury Bill yield as of May 2026 when held to maturity. It is not a teaser rate, but it is dynamic and changes with the bond market and Federal Reserve policy. Rate does not include the 0.05% management fee.

Question 5

Are there fees or minimums?

Accepted Answer

Rivo charges a flat monthly management fee of 5 basis points (0.05%) on the average daily balance. A minimum balance of $100 is required to earn the stated rate, but Rivo works best for households with $25,000+ sitting in checking. There are no opening, transfer, or withdrawal fees.

Question 6

Is my money safe?

Accepted Answer

Funds are held in short-term U.S. Treasury Bills, backed by the full faith and credit of the U.S. government. Banking services are provided by Jiko Bank (FDIC-insured) and securities are offered by Jiko Securities (SIPC-insured). Rivo is a financial technology company, not a bank.

Question 7

How fast can I access my money?

Accepted Answer

Funds transfer back to your linked checking account within 1 business day, bypassing the standard 3-5 business day settlement most banks use. Rivo also predicts upcoming bills and refills your checking account before charges hit.

Big banks pay you almost nothing.
Your idle cash deserves better.

Talk to a human.

Big banks pay you almost nothing.Your idle cash deserves better.

Talk to a human.

Big banks pay you almost nothing.
Your idle cash deserves better.