The Vanguard Money Market Fund is paying 1.5 percent, and the Vanguard Short Term Bond Index Fund is paying 3.33 percent. I think a combination of those two funds will outperform most online savings rates, even though you have a little risk with the bond fund.
It looks like the highest online savings rate is about 1.75 percent. I will stay with mutual funds for the cash portion of my portfolio.
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