Vanguard has FDIC insured settlement account

Discussion of the Cash portion of the Permanent Portfolio

Moderator: Global Moderator

Post Reply
User avatar
Dieter
Executive Member
Executive Member
Posts: 655
Joined: Sat Sep 01, 2012 10:51 am

Vanguard has FDIC insured settlement account

Post by Dieter » Fri Dec 02, 2022 12:42 pm

https://investor.vanguard.com/investmen ... sh-deposit

He’s, not STT, but, another option
User avatar
dualstow
Executive Member
Executive Member
Posts: 14231
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: Vanguard has FDIC insured settlement account

Post by dualstow » Fri Dec 02, 2022 2:36 pm

Dieter wrote:
Fri Dec 02, 2022 12:42 pm


He’s, not STT, but, another option
I guess STT is short term treasurys, but He’s must be a typo, no?
Sam Bankman-Fried sentenced to 25 years
welderwannabe
Senior Member
Senior Member
Posts: 104
Joined: Sat Jul 20, 2019 12:53 pm

Re: Vanguard has FDIC insured settlement account

Post by welderwannabe » Fri Dec 02, 2022 8:25 pm

Yes, they have been piloting this for a while slowly inviting customers to use it.

Regardless that they have this, I like Fidelity's approach better. Their cash management has far better features, albeit with less yield than Vanguard due to higher fees.
boglerdude
Executive Member
Executive Member
Posts: 1313
Joined: Wed Aug 10, 2016 1:40 am
Contact:

Re: Vanguard has FDIC insured settlement account

Post by boglerdude » Sat Dec 03, 2022 3:31 am

AllAmerica and Redneck Bank: 4.00% APY Money Market, 4.25% Rewards Checking

https://www.mymoneyblog.com/allamerica- ... eview.html
User avatar
foglifter
Executive Member
Executive Member
Posts: 634
Joined: Tue Apr 27, 2010 5:37 pm
Location: The Golden State

Re: Vanguard has FDIC insured settlement account

Post by foglifter » Sat Dec 03, 2022 12:04 pm

welderwannabe wrote:
Fri Dec 02, 2022 8:25 pm
Regardless that they have this, I like Fidelity's approach better. Their cash management has far better features, albeit with less yield than Vanguard due to higher fees.
Second that, even though Fidelity's MM funds have higher ER right now they are still competitive.
I use their Treasury only MM fund FDLXX (current 7-day yield 3.36%, no state income tax). T bills are all above 4%, e.g. 3-month bill currently pays 4.39%, and not subject to state tax (which is an extra plus for states with high tax rates).
"Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep in reserve."
- Talmud
Post Reply