Wasn’t sure bc it’s treasuries so thought maybe there was a time limit like traditional bonds
Yes. That is my understanding. Although, I never had to change my core position. It was by default in SPAXX when I opened the account last year. For the cash account (CMA). I have an ATM. Whenever I use it, it auto liquidates from my brokerage account. I keep my CMA balance to $0. Although, you should look at the account settings just to confirm that auto-liquidation is not set to off. I never changed my default settings.
I believe so. But I am using this as my savings account so I never buy stocks in this account. Just SPAXX. When I pay bill, or use ATM, it liquidates immediately.
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Yep I had to just buy spaxx with my brokerage account balance. So thanks for that! It’s been sitting in there making nothing since I need the cash available if there’s a quick trade I need to make. I just sold some to check and it’s available right away.
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not me. still sitting on some 5.5’s from last year.
careful with this. there are some pretty serious restrictions in the terms and conditions.
I do too so lost about 5.5% of that cash buying power
Cash isn’t my favorite choice, but if I had to, I’d buy 3 month individual treasuries, which is very easy to do at the Schwab’s/Fidelity’s of the world. You get 5.4% today. They’re incredibly easy to liquidate before maturity without taking a haircut too because of heavy institutional demand. For reference, here is one CUSIP for a treasury maturing in July. 912796Y52. 5.42%.
There’s no other stable investment paying more and I don’t do the stock market, so I don’t feel too bad.
Yes stability is rarely rewarded these days…even my worst performing stocks are up 5% though so def left a lot of $ on the table but this is money for if I ever buy a home so can’t really afford to gamble with it.
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My existing (unused) Fidelity accounts are really old.
My employer-sponsored plans are with Fidelity, and I think I got the cash and brokerage accounts by default when those were opened.
It looks like I did the first part correctly.
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Capital One offer. Current APY is 4.0%.
I’ve been keeping cash at Merrill (Preferred Deposit), but that is now down to 3.92%.
Modest APY bump plus a bonus here.
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CIT savings 4.55% I’m missing he 5.2% I was getting not long ago.
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You and me both.
This is a good interim hop for exactly $100k, to grab the extra $1,500 bonus over ~3 months.
I need a more permanent solution too, so thank you for the CIT reference.
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I’m still using Wealthfront. 4.75% bonus rate with my referral link. 
I’ll keep an eye on this one. I have feeling I’ll be moving money away from the market.
Tell me about it. I’ve been at 5.5 for a long time, now time T 4.75 
It’s a few months late here, but a note on SPAXX in non-qualified accounts for those of us in high-tax states is that the majority of the income it spins off is state and local taxable. While other funds don’t have instantaneous redemptions, something like SNSXX is 100% treasuries and not subject to state and local.
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I used Forbright which is currently at 4.6 but also came with a Free National Park Pass $80 value