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- Manlobbi
Personal Finance Topics / Retirement Investing
No. of Recommendations: 1
I had a fair amount of money in an IRA brokerage account at Merrill, which I didn't want to invest just now. Their cash sweep program pays an insulting 0.01% yield.
BIL is a possibility, pays 3.80%.
Looking around to find if there was anything better available turned up a 4 week T-bill that yields 5.45%. Incredible.
No. of Recommendations: 2
Fidelity Brokerage Cash sweep accounts are currently paying 4.98%
FIDELITY GOVERNMENT MONEY MARKET (SPAXX)
FIDELITY GOVERNMENT CASH RESERVES (FDRXX)
Russ
No. of Recommendations: 5
Vanguard Federal Money Market Fund (VMFXX)is the default fund for the Vanguard Brokerage Account settlement fund. is 5.29%.
I'm seeing a JPM 1 year brokered CD paying 5.75%. I have a No-Penalty CD from a bank paying 4.9%, debating about breaking it and moving the money to the brokered CD.
Sad that Merrill/BAC pay virtually nothing.
No. of Recommendations: 0
Recently SPAXX is doing better than my actual Fido MFs. :-( FLPSX is down like 20% this year.
No. of Recommendations: 4
"I'm seeing a JPM 1 year brokered CD paying 5.75%."
Be careful with these. They have a call option attached to them, so if rates remain the same or go down, JP Morgan will call the CD and your 5.75% rate will suddenly end. JP Morgan is tricky that way. They're giving you about 0.2% in return for that call option. For me, 0.2% isn't worth it for such a short duration fixed income instrument.
No. of Recommendations: 0
"I'm seeing a JPM 1 year brokered CD paying 5.75%."
Be careful with these. They have a call option attached to them, so if rates remain the same or go down, JP Morgan will call the CD and your 5.75% rate will suddenly end. JP Morgan is tricky that way.
Hah! That happened to me recently.
I had a JPM 5.40% CD maturing 2/28/24 which they called on 11/30/23. Not terrible for me, I replaced it with a T-bill maturing 4/30/24 at effective 5.51%.
I have a JPM 5.55% maturing 7/30/24, which I suspect will be called on 2/28/24.
Whoa!! Raisin has a 6 month CD at 5.70%.
