Quote:
Originally Posted by retiredguy123
Forget about banks and credit unions for savings accounts. Open a Vanguard Cash Reserves Federal Money Market account. The current yield is 5.28 percent. Fidelity has a similar fund that yields 4.98 percent. You can even get checks if you want. I never rely on banks for income.
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I am with Fidelity and well satisfied. You should know that the rate is variable, not fixed and that the money is readily accessible with no penalty for withdrawal like a CD would have. As I recall, the rate varies monthly.