jazz4cash
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Nothing I read ever suggested the MYGAs I looked at would be good for drawing monthly interest. The issues cited here confirm my gut instinct. If I needed monthly interest I would hold back one year in an HYS account and transfer the annual interest each year. Just because they are often promoted as the Insurance Industry version of a CD does not make them identical. I hope those issues are resolved but I think I’d resort to plan B if those monthly interest payments were critical. Even having 1-3 months reserve would reduce the risk.
