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For folks who are parking cash in their brokerage (~250k), which money market funds or saving account are you using? Fidelity seems to have drastically reduced the yield for its money market fund. Wondering if its the same for other brokerages and is it better to just buy bonds vbtlx or move to savings? Would like to hear thoughts from the finance/investment experts here. TC: 400K
Capital one savings has 1% as well
Ally Bank
Also you can risk buying “Worthy bonds” they give a 5% interest rate and they offer a savings account like service at allows you to cash out fast no penalty. But I have heard that anything above 50K they cash it out on the same day.
Thanks everyone. Also interested in learning how folks are holding cash in brokerage. Do you use money market funds or have it in bonds?
Discover
CIT Bank no penalty CD or the high yield savings
Marcus by gold man Sachs savings account has 1.05 interest rate.
It was over 2.2% this time last year... sad times