Vanguard has FDIC insured settlement account

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Dieter
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Vanguard has FDIC insured settlement account

Post by Dieter » Fri Dec 02, 2022 12:42 pm

https://investor.vanguard.com/investmen ... sh-deposit

He’s, not STT, but, another option
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dualstow
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Re: Vanguard has FDIC insured settlement account

Post by dualstow » Fri Dec 02, 2022 2:36 pm

Dieter wrote:
Fri Dec 02, 2022 12:42 pm


He’s, not STT, but, another option
I guess STT is short term treasurys, but He’s must be a typo, no?
Let 2023 be the year of LASAGNE
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Gold pulls back to 1900
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Re: Vanguard has FDIC insured settlement account

Post by welderwannabe » Fri Dec 02, 2022 8:25 pm

Yes, they have been piloting this for a while slowly inviting customers to use it.

Regardless that they have this, I like Fidelity's approach better. Their cash management has far better features, albeit with less yield than Vanguard due to higher fees.
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Re: Vanguard has FDIC insured settlement account

Post by boglerdude » Sat Dec 03, 2022 3:31 am

AllAmerica and Redneck Bank: 4.00% APY Money Market, 4.25% Rewards Checking

https://www.mymoneyblog.com/allamerica- ... eview.html
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Re: Vanguard has FDIC insured settlement account

Post by foglifter » Sat Dec 03, 2022 12:04 pm

welderwannabe wrote:
Fri Dec 02, 2022 8:25 pm
Regardless that they have this, I like Fidelity's approach better. Their cash management has far better features, albeit with less yield than Vanguard due to higher fees.
Second that, even though Fidelity's MM funds have higher ER right now they are still competitive.
I use their Treasury only MM fund FDLXX (current 7-day yield 3.36%, no state income tax). T bills are all above 4%, e.g. 3-month bill currently pays 4.39%, and not subject to state tax (which is an extra plus for states with high tax rates).
"Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep in reserve."
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