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As others are saying, the high federal funds rate makes this quite easy. Vanguard offers a Federal Money Market that can be used as a cash-sweep in its brokera
by LUmBULtERA 4y ago
As others are saying, the high federal funds rate makes this quite easy. Vanguard offers a Federal Money Market that can be used as a cash-sweep in its brokerage accounts that's currently offering 4.88% compounded yield (VMFXX). I'd rather use that myself than Apple's lower 4.15%.
- pgwhalen 4y agoIt’s worth noting that you’re sort of comparing apples and oranges, as VMFXX is not FDIC insured.