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Smart Yield
Our investment alternative to a high-yield savings account
Smart Yield is our alternative to a high-yield savings account. We automatically allocate your cash to strategic money market funds designed to help you keep more of what you earn, potentially with zero federal, state, or local taxes.
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About Smart Yield on Product Hunt
“Our investment alternative to a high-yield savings account”
Smart Yield launched on Product Hunt on May 21st, 2025 and earned 181 upvotes and 27 comments, placing #7 on the daily leaderboard. Smart Yield is our alternative to a high-yield savings account. We automatically allocate your cash to strategic money market funds designed to help you keep more of what you earn, potentially with zero federal, state, or local taxes.
On the analytics side, Smart Yield competes within Fintech and Investing — topics that collectively have 73.4k followers on Product Hunt. The dashboard above tracks how Smart Yield performed against the three products that launched closest to it on the same day.
Who hunted Smart Yield?
Smart Yield was hunted by Ankur Nagpal. A “hunter” on Product Hunt is the community member who submits a product to the platform — uploading the images, the link, and tagging the makers behind it. Hunters typically write the first comment explaining why a product is worth attention, and their followers are notified the moment they post. Around 79% of featured launches on Product Hunt are self-hunted by their makers, but a well-known hunter still acts as a signal of quality to the rest of the community. See the full all-time top hunters leaderboard to discover who is shaping the Product Hunt ecosystem.
For a complete overview of Smart Yield including community comment highlights and product details, visit the product overview.
I have not been this excited for a new Carry product launch in a very long time
I've been fortunate enough to be beta testing our new "Smart Yield" product and I think it's going to be a huge hit
Here's how it works:
Most people keep their uninvested cash in a high-yield savings account. While they pay out a reasonable rate (3.5%-4%), the income is fully taxed at both the federal and state level.
For people who pay high taxes, you can likely save a reasonable amount of money on taxes by using special tax-advantaged money market funds instead... Vanguard, Fidelity, Schwab etc. all have special funds that optimize for:
- No federal taxes
- No state and local taxes
- Both no federal AND no state taxes in New York, California etc.
The challenge is yields for these products keep changing: one month, you could earn more in a treasury fund that pays no state taxes, the other month you could earn more in a muni fund that pays no federal taxes.
That's where our new product Smart Yield comes in: it automatically scans our universe of funds (most by Vanguard and Fidelity) and calculates which fund could pay you the highest tax-equivalent yield and aims to allocate you there
And checks for the highest tax-equivalent yield every single day!
Whenever it finds a fund that could pay you meaningfully more (from our whitelisted list of funds), it automatically reallocates you to that one.
For me personally, muni money market fund yields were really high a couple of weeks ago. But now, they've dropped so I'm moved automatically to a treasury money market fund.
For me, tax optimizing my cash makes more sense than leaving funds in a high yield savings account where my interest is highly taxed.
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Disclosures: Smart Yield investment products are not FDIC insured and may carry risk. Any yields offered exclude 0.20% annual advisory fees and Carry’s membership fee. The service is offered by Carry Advisors LLC, our SEC-registered investment adviser, with brokerage services provided by Global Carry LLC and DriveWealth LLC, making it a comprehensive cash management solution that combines algorithmic optimization with professional investment management.
While Carry Advisors internet-based advisory services are designed to assist clients in achieving customer defined financial goals, asset allocations and diversification do not guarantee a profit or protect against a loss, and past performance is no guarantee of future results. Carry Advisors does not provide tax advice. For more details, see our Form CRS, Form ADV Part 2 and Smart Yield disclosures.