ziggy29
Moderator Emeritus
I have a couple of brokerage accounts with USAA. One is an asset management account (AMA) which I currently only use as a high-interest checking account with about half of our emergency fund in it (my primary brokerage accounts are with Schwab). I also have a small Roth IRA there.
In the Roth IRA I have the cash swept into the regular USAA money market fund. The AMA is swept to an FDIC-insured money market fund.
I just recorded the interest for February into Quicken. The yield for the ordinary MMF came to an average of 3.106%. The yield on the FDIC-insured money market fund was...get this... 3.550%.
The insured fund paid out 0.45% higher last month! That seems particularly odd these days, given the huge premiums people are paying for security and preservation of capital.
In the Roth IRA I have the cash swept into the regular USAA money market fund. The AMA is swept to an FDIC-insured money market fund.
I just recorded the interest for February into Quicken. The yield for the ordinary MMF came to an average of 3.106%. The yield on the FDIC-insured money market fund was...get this... 3.550%.
The insured fund paid out 0.45% higher last month! That seems particularly odd these days, given the huge premiums people are paying for security and preservation of capital.