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re: IMO, best place to park cash...

Posted on 3/20/23 at 3:58 pm to
Posted by Big Scrub TX
Member since Dec 2013
33578 posts
Posted on 3/20/23 at 3:58 pm to
quote:


There are multiple HY savings accounts available with 4% rates. No fees and can move whenever. Seems like the easiest IMO. Especially if you are under 250k.
How is that better than getting paid more in a liquid security? (Not sure what everyone's transaction fees are, but at my brokerage, I only have to pay for mutual fund trades, so ETFs are free).

Is moving money around in bank accounts (especially if you have to perpetually rate shop across institutions) actually easier than just buying and selling one ticker symbol? Doesn't strike me as so. I hate dealing with banks.
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