I've been meaning to ask this question for a while:
I currently have money in VMRXX (VG's Cash Reserves Federal Money Market Fund Admiral Shares, which is showing a 7-day yield of 2.12%) & I've been assuming that's the "settlement fund" everyone is referring to -- is it? Can I simply transfer funds in & out of that fund to my bank or any other account?
I'm confused because I also see listed in my Brokerage Acct something called "Vanguard Federal Money Market Fund (Settlement fund)", which shows a balance of $0 funds available. Can someone please explain in general how & when funds move in & out of that account, and more to the point, whether I would need to use that account at all if I want to transfer funds in & out of VMRXX for the short-term?