https://xkcd.com/1053/
Banks capitalize (hah) on unsophisticated deposits to underpay them and profit from the spread. Check if your brokerage has a short dated government securities money market fund (Fidelity = SPAXX [1], Vanguard = VMFXX [2]). Not investing advice!
[1] https://fundresearch.fidelity.com/mutual-funds/summary/31617...
[2] https://investor.vanguard.com/investment-products/mutual-fun...
https://xkcd.com/1053/
Banks capitalize (hah) on unsophisticated deposits to underpay them and profit from the spread. Check if your brokerage has a short dated government securities money market fund (Fidelity = SPAXX [1], Vanguard = VMFXX [2]). Not investing advice!
[1] https://fundresearch.fidelity.com/mutual-funds/summary/31617...
[2] https://investor.vanguard.com/investment-products/mutual-fun...