Hey just wanted to bounce this idea off y’all. The Vanguard money market fund has a yield of 5.25% so am I crazy for thinking I just use this as a HYSA functionally? Or is that crazy?
Using a Vanguard settlement fund as an “HYSA” stand in?
byu/Tytanika inMilitaryFinance
Posted by Tytanika
3 Comments
Not crazy, just not FDIC insured. Still very low risk.
It’s not crazy at all.
It also simplifies using Vanguard’s tracking tools for all your investments.
Plenty of people do this. A decade ago it used to be harder to find money market accounts that were FDIC insured anyway, so those were no different than using a brokerage account’ money market funds.