The Local Government Investment Pool (LGIP) is a voluntary investment vehicle operated by the State Treasurer. Over 530 local governments have participated in the pool since it was started in 1986 to provide safe, liquid, and competitive investment options for local government pursuant to RCW 43.250.

The LGIP lets local governments use the State Treasurer’s resources to safely invest their funds while enjoying the economies of scale available from a $15-26 billion pooled fund investment portfolio.

LGIP’s investment objectives are, in priority order: 1) safety of principal, 2) maintaining adequate liquidity to meet cash flows, and 3) providing a competitive interest rate relative to other comparable investment alternatives. LGIP offers 100% liquidity to its participants.

The LGIP portfolio is managed in a manner generally consistent with SEC regulated Rule 2a-7 money market funds. LGIP investment guidelines are spelled out in the LGIP Investment Policy.

LGIP Participants include: all 39 counties in Washington state; all Washington cities with a population greater than 10,000, and 229 cities and towns total; plus 160 special taxing districts; 30 community colleges and universities; 7 State Agencies; and 24 other public bodies

For more information on the LGIP please take a look at our operations manual or please feel free to contact us if you have any questions at 1-800-331-3284.

Should the LGIP’s toll free number become unusable in the event of an emergency, either weather related or otherwise, please call the LGIP Emergency Number, (360) 333-1238.  The number will be available for your use in making LGIP transactions.  Please leave a message for a transaction exactly in the same manner as you would using the toll-free number.  Again, this number will only be used in the event the toll-free number becomes unavailable.

Security Alert for SecureAccess Washington (SAW) users

Scammers are using sponsored ads on search engines to lure users to unauthorized websites that look like SAW, but aren’t. The links in these ads send customers to fake websites that can compromise their personal information.

How the Office of the State Treasurer (OST) is keeping customer information secure:

• Our Information Services Division is working with WaTech’s Office of Cybersecurity to protect our customers. WaTech is leading the response to this incident, as OST works to ensure security of user information on our systems.

Tips to keep your SAW account secure:

• Access your SAW account by using a direct link only. For example,  the SAW link found on OST’s Local Government Investment Pool webpage. Do not use a search engine to navigate to the SAW login page.
• Carefully examine all links from the internet before clicking, even if they look official. When going to a government agency website, make sure it has a .gov address.
• Choose strong and unique passwords. Choose a password that’s a minimum of 12 to 14 characters in length, and use a mix of numbers, symbols, capital letters and lower-case letters to make your password harder to crack.
• Update your SAW account password regularly and do not use the same password for multiple logins.
• Steer clear of public Wi-Fi when accessing your SAW account.  Hackers can easily intercept your data as it travels between your device and a public Wi-Fi router.

How to protect your SAW account if you suspect your information was compromised:

• If you are concerned that you entered your login information into a fraudulent website, you should change your password using this secure link to SAW, and change any other passwords that use the same or similar credentials. We highly recommend using unique passwords for different accounts.