https://investor.vanguard.com/investmen ... sh-deposit
He’s, not STT, but, another option
Vanguard has FDIC insured settlement account
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Re: Vanguard has FDIC insured settlement account
I guess STT is short term treasurys, but He’s must be a typo, no?
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Re: Vanguard has FDIC insured settlement account
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.
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.
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Re: Vanguard has FDIC insured settlement account
AllAmerica and Redneck Bank: 4.00% APY Money Market, 4.25% Rewards Checking
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Re: Vanguard has FDIC insured settlement account
Second that, even though Fidelity's MM funds have higher ER right now they are still competitive.welderwannabe wrote: ↑Fri Dec 02, 2022 8:25 pmRegardless 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.
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).
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