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Thanks for the explanation! I guess to answer your question of why not get bonds - they just aren't comparable. One's effectively an investment that requires m

Thanks for the explanation! I guess to answer your question of why not get bonds - they just aren't comparable. One's effectively an investment that requires multiple steps to be used to purchase that expensive computer monitor on amazon, and the other you just select your payment to be a debit card and click purchase. T-Bills sound relatively liquid, but a savings account still beats it at the cost of 1% interest (assuming 5% for the bonds).

adam_arthur 4y ago
Sure, though anybody with a moderate networth should have their money in a brokerage or other assets rather than savings/checkings. For many reasons. If you’re living paycheck to paycheck and need to move money around to make small purchases, then it’s not for you, yeah. Money market funds are for savings, not money that will be imminently spent. But then so are savings accounts at banks (vs Checking accounts)
- thewataccount 4y ago
  > But then so are savings accounts at banks (vs Checking accounts) Yeah this is the part that I'm confused about because I think that savings accounts are federally restricted to 6 withdrawls a month? I could be completely wrong on that. But yeah the target audience for this IMO - people who have maybe a few thousand saved up that they keep for emergency funds or semi-hot money for larger purchases. which matches the target iphone audience I think pretty well. I bet they restricted accounts to less then 250k because they don't want to bother splitting it across banks when the target audience would be expected to only have several thousand.