I wanted to open a money market account with Vanguard and need to park about $150,000 for some time (couple of years) I called them and they have four different ones. The highest paying one is paying 5.09% now which is the Prime, but she noted that the Treasury Money Mkt was the most secure, which is only paying 4.49%.
I know I can open a CD for one year at a little better than 5%, that at least won't go down in yield for a year, as the Prime MMkt account probably will.
First of all is Vanguard's Prime Money Mkt. a safe enough bet? I kind of wanted to have funds there to facilitate buying something in the future, so I am not sure which way to go now. Any insight would be appreciated.
I know I can open a CD for one year at a little better than 5%, that at least won't go down in yield for a year, as the Prime MMkt account probably will.
First of all is Vanguard's Prime Money Mkt. a safe enough bet? I kind of wanted to have funds there to facilitate buying something in the future, so I am not sure which way to go now. Any insight would be appreciated.