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Old 11-17-2018, 08:19 AM   #581
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For regular savings, American Express Bank increased the interest rate to 2% APY. Effective today.
And Barclays Online Savings is at 2.05%. They seem to be competing for the same funds. I have money at both & find them very similar in convenience & ease for transferring money in & out.
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Old 11-17-2018, 02:12 PM   #582
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I still think VMMXX beats the lot for liquidity.
+1.

And as pb4uski mentioned earlier, the yield has been gradually increasing. It's at 2.25% right now and it started the week around 2.23% (or 2.22%)?

It's finally moving in the right direction.
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Old 11-17-2018, 08:03 PM   #583
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Can someone tell me if VMMXX can be purchased and held in a non Vanguard brokerage account?
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Old 11-17-2018, 08:06 PM   #584
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Can someone tell me if VMMXX can be purchased and held in a non Vanguard brokerage account?
Not from Fidelity.

If if it was available you'd pay a $75 transaction fee on purchase blowing away any benefit from the higher interest rate.
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Old 11-18-2018, 09:27 AM   #585
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Can someone tell me if VMMXX can be purchased and held in a non Vanguard brokerage account?
Not from Fidelity.

If if it was available you'd pay a $75 transaction fee on purchase blowing away any benefit from the higher interest rate.
If youíre @ Fido, FZDXX currently has 7-day yield of 2.11% with no transaction fee.
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Old 11-18-2018, 09:48 AM   #586
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Sallie Mae (one of the places I have some cash) just raised their MM APR from 2.10% to 2.20%. Their high yield savings is a slightly lower 2.10%.

While they aren't the highest (there are those at 2.25% and even a couple now at 2.35%), they have been pretty good at raising the rates to remain somewhat competitive.

ETA: They have also been good in not having to have hoops to jump through to get the new rate - it is automatically applied to the funds there. (Unlike HSBC, who lost my account because of that crap and places like MysavingsDirect.)
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Old 11-18-2018, 09:53 AM   #587
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3 month treasury bills are at 2.36%. 6 month treasury bills are at 2.5%.
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Old 11-18-2018, 09:55 AM   #588
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If you’re @ Fido, FZDXX currently has 7-day yield of 2.11% with no transaction fee.
It’s yielding 2.17% as of Friday.
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Old 11-18-2018, 09:59 AM   #589
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Itís yielding 2.17%.
Plus an initial minimum 100k investment, but can maintain any balance.
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Old 11-18-2018, 10:46 AM   #590
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3 month treasury bills are at 2.36%. 6 month treasury bills are at 2.5%.
Definitely one to consider.
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Old 11-18-2018, 10:52 AM   #591
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Seems like a lot of competition for our cash lately. When's the last time that happened, and what happened next?
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Old 11-18-2018, 03:18 PM   #592
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Seems like a lot of competition for our cash lately. When's the last time that happened, and what happened next?
+1
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Old 11-19-2018, 01:08 PM   #593
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Not from Fidelity.



If if it was available you'd pay a $75 transaction fee on purchase blowing away any benefit from the higher interest rate.


Thanks Audrey. I had determined that I couldn’t buy that fund at ML, but wondered if others who aren’t Vanguard brokerage holders were able to buy it from non Vanguard brokerage accounts. I guess it’s proprietary. I suppose I could set up a brokerage at Vanguard to hold that fund, and view as just another institution that I use for high yield savings/CD’s.
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Old 11-19-2018, 03:36 PM   #594
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If youíre @ Fido, FZDXX currently has 7-day yield of 2.11% with no transaction fee.
FZDXX has a 100K min to invest
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Old 11-19-2018, 03:37 PM   #595
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FZDXX has a 100K min to invest
Only 10K in an IRA, if that matters.
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Old 11-19-2018, 04:29 PM   #596
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FZDXX has a 100K min to invest
But one can reduce it to any amount right away and still get the 100k rate.
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Old 11-19-2018, 05:33 PM   #597
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FZDXX has a 100K min to invest
But one can reduce it to any amount right away and still get the 100k rate.
Correct. This is what weíve done. We also link FZDXX to our Fido Core (savings/checking) account so that every $ earns the FZDXX yield until the day itís consumed to pay a bill.
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Old 11-19-2018, 06:02 PM   #598
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Scrapping for every last $. Capitalists are awesome.
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Old 11-19-2018, 06:57 PM   #599
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Scrapping for every last $. Capitalists are awesome.
And no ethical arguments on this one.
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Old 11-19-2018, 07:26 PM   #600
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While we scrap for eveey last basis point L Bell left $14 mil on the table. He will never get that that $14 mil back. Boo hoo. Gimme that basis point before I rip it outta yo hands
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