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Reply to "Where to put emergency fund money?"
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[quote=Anonymous][quote=Anonymous]I recommend Vanguard Federal Money Market Fund (VMFXX). Open a Vanguard brokerage account if you don't have one yet. 2.4%, which is exempt from state income taxes. https://investor.vanguard.com/mutual-funds/profile/VMFXX[/quote] It's 2.36% now, according to Vanguard, but it also has a .11% fee, which means you might be better off with an Ally no-penalty CD (paying 2.3 percent for deposits of $25,000 or more) or even a regular Ally savings account (paying 2.2 percent with no minimums), since there's absolutely no risk involved. The state tax exemption on the interest with the Vanguard fund might give it better returns overall, I guess, but none of these options seems bad. [/quote]
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