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Started By
Message
re: AMEX high yield savings going 1.4%
Posted on 8/4/22 at 6:36 pm to MikeyFL
Posted on 8/4/22 at 6:36 pm to MikeyFL
So I’m wanting to park 50k into somewhere safe. I’ve gotten killed in the market that last year and a half so I don’t want to put anymore in there. So basically what i do is just log in to vanguard where I have an account and deposit it in money market and it will give me 2% on my money? It also has the chance to go up as rates increase?
2
Posted on 8/4/22 at 6:43 pm to Civildawg
Yep! It's a great place to hold money you might need in the near future - or to wait until a lot of uncertainty in the market sorts itself out.
If you're looking to avoid taxes on your gains, you might also check out tax-exempt municipal money market funds. But those are not a necessary consideration for peons like myself
If you're looking to avoid taxes on your gains, you might also check out tax-exempt municipal money market funds. But those are not a necessary consideration for peons like myself
Posted on 8/4/22 at 7:10 pm to MikeyFL
.
This post was edited on 4/30/23 at 1:20 am
Posted on 8/4/22 at 8:54 pm to wheelr
VMFXX is the default settlement fund for Vanguard. So if you have money sitting in the settlement fund, you should start seeing much better returns this month than you have in the past.
This post was edited on 8/4/22 at 8:54 pm
Posted on 8/4/22 at 9:21 pm to MikeyFL
I got notification Ally just went up to 1.6%
Posted on 8/4/22 at 9:24 pm to Civildawg
quote:
I’ve gotten killed in the market that last year and a half
huh? The past year and a half, or past half year??
Posted on 8/4/22 at 9:30 pm to thelawnwranglers
My savings on etrade is uo to 2% flat, not bad
Guess it's only losing 6-7% of it's value annually currently now.
Guess it's only losing 6-7% of it's value annually currently now.
This post was edited on 8/5/22 at 10:55 am
Posted on 8/4/22 at 10:34 pm to thelawnwranglers
Bask is at 2.0%
Posted on 8/5/22 at 10:38 am to notsince98
Live Oak just went up to 1.75% and also offer a 1yr CD at 2.5%.
Posted on 8/5/22 at 6:21 pm to thelawnwranglers
Betterment cash accounts moved to 1.6% last week.
Posted on 8/7/22 at 10:53 am to DawgCountry
quote:
Where is the 2%? I’d move my money for that
Wealthfront. Also you can make a save better account. It’s a custodian bank that makes it easy to roll funds to different high yield savings accounts, also have CDs and no withdrawal penalties available.
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