When my credit union failed to raise the interest rates paid on my savings accounts after The Fed started raising its rate I moved the money into Vanguard's federal money market accounts VMRXX and VMFXX, the latter being my settlement fund. I also started buying six month T-bills at Schwab which I roll over. Their maturities are laddered or staggered. Currently the six months T-bills are paying in excess of 5.3%. As stated in other posts Vanguard's money market rates exceed those offered by Schwab and Fidelity. I also keep an account at Schwab as I can both buy and sell T-bills through them.
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"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
Last edited by manaboutown; 04-09-2024 at 03:02 PM.
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