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Our Q2 2026 reserve report
Client reserves grew 38 percent in the quarter. Average maturity fell to 41 days. Every number, and what drove it.
Written by
Maya Okafor
CEO and co-founder
Rates and figures are as of the date of publication. Nothing here is investment advice.
The headline numbers
Client reserves ended June at $3.1 billion, up from $2.25 billion in March. Average maturity across all holdings was 41 days and the average net yield paid to clients was 4.26 percent.
Where the growth came from
Two thirds of new reserves came from existing clients raising their sweep limits. The rest came from 312 new companies, most of them referred by their accountants.
Questions about this note?
Our treasury team answers the phone on weekdays from 8am to 7pm Eastern, and the people who write these notes are on that team.
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