Investing & Saving
BFI offers a high yield cash management (1.60% APR) with full liquidity and 24-48 hour account access. BFI can also establish an ACH (Automated Clearing House) arrangement with your bank for even faster access to your funds. BFI does not charge fees for cash management accounts.
BFI’s short-term (3 – 12 month) investment options offer a great fixed return with minimal risk. Most short-term funds are invested in US Treasury products and offer a fixed return as long as the securities are held to maturity.
BFI offers defined maturity bonds to support church and ministry capital projects. BFI bonds are sold in $1,000 increments. Long-term bonds may be held in either Roth or Traditional IRAs as well. Interest may be accumulated in cash management, distributed, or assigned to a charitable fund. BFI bond issue availability will be announced through our website, social media, email, and printed publications.
BFI bonds are secured by:
A first-position mortgage on the property
A loan is never made for greater than 50% of the property value.
Loan payments may not exceed 25% of a church or ministry’s unrestricted income.
BFI bonds have been default-free since their inception
Long Term Fixed Income (LTFI) Portfolio
Primarily used by individuals, churches and institutions who wish to invest in low-risk fixed income assets (primarily high grade municipals, corporate or government bonds, and a limited amount of preferred stock), need a reliable income stream (or have the ability to reinvest), and do not anticipate needing a return of principal for a year or more, the LTFI portfolio has an historic yield of 3.99% - 6.3% (net). Fees are 50/100 of a percent (50 basis points) for participation in this fund. Total return on the Long Term Fixed Income pool since its inception (specifically, a regressive 100 months since the end of 2020) has been 60.79% or an annualized return of 7.29%.
The Blended Fund seeks to increase income while still realizing the traditional long term appreciation of the U.S. equities market. 50% of the fund is in BFI’s LTFI Portfolio (see above). 50% is comprised of the KNGIX, a publicly traded fund composed of 53 U.S. equities chosen by their increasing dividend yields for the last 25 years. The target yield for the Blended Fund is 7.5%. Fees are 50/100 of a percent (50 basis points) for sub $1,000,000 accounts and 35/100 of a percent (35 basis points) for accounts of $1,000,000 or greater.