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Money and Finances
Reply to "Need a new high yield savings account"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Open a brokerage account with fidelity or vanguard and put it in a money market fund instead. If you are unfamiliar with money market funds they are extremely safe and generally pay better returns than a high-yield savings account. See vanguard's MMF as an example: https://investor.vanguard.com/investment-products/mutual-funds/profile/vmfxx Plus, once you are ready to start investing in slightly higher-risk / higher-return options like, say an S&P500 index fund, you will have a platform to do so. Money market funds aren't FDIC insured. Shouldn't that be important to me? Only if you worry the US will default On its debt which has never happened [/quote][/quote][/quote]
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