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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have most of our cash savings with Wealthfront. It's guaranteed up to $2mln because they spread it across a few different banks to deal with the $250k/account limit:
https://www.wealthfront.com/blog/cash-account-2m-fdic-insurance[/quote]

That’s pretty cool. How do you like them? I have Boomer parents who have way too much cash and are super spooked right now.[/quote]

Why do they not have a treasury direct account? I have held hundreds of thousands there, know that its safe and liquid and also significantly protected from simple fraud since it does not have cash checking or such access[/quote]

DP. Treasuries are risky these days obviously as SVB just found out. So, if you want a deposit equivalent you would need to buy 1 months bills. Does treasuries direct offer to roll them from month to month or you need to buy a new batch every month?[/quote]

Talk about ridiculous convolutions. Just HTM in your TD and get full principal back out. It’s not like you savings account gives you ANY yield until like last week.

For boomer parents a laddered portfolio of treasury bonds would cover 99% of their use cases. [/quote]

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