I received the annual bonus from my employer for my work last year. I need to save this money for some planned expenses in the second half of this year. I can just put it in a money market fund or online savings account. The going rate is about [...]
Money Market Fund vs High Yield Savings Account
Money market fund yields stuck at 0.01% for several years after the financial crisis. Some fund companies had to pump money into the funds out of their own pocket just to keep the yield at 0.01%. Meanwhile some banks kept their high yield savings [...]
Stop Using Vanguard Money Market Fund
The SEC released news rules on money market funds last week. Money market funds for retail investors will still keep the $1 fixed NAV. They can impose fees and restrictions when they face liquidity problems. I don't think Vanguard's money market [...]
