Vanguard has FDIC insured settlement account

[Dieter]

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

He’s, not STT, but, another option

[dualstow]

…

He’s, not STT, but, another option

I guess STT is short term treasurys, but He’s must be a typo, no?

[welderwannabe]

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.

[boglerdude]

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

https://www.mymoneyblog.com/allamerica- ... eview.html

[foglifter]

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).