Maintaining Cash Balances at Brokerages May Result in Lost Opportunities for Higher Yields
FLTB Fidelity Limited Term Bond ETF
$49.33 -0.34%
View chart & analysis → - 1Money market fund yields for Vanguard, Schwab, and Fidelity currently range from 3.56% to 3.89% for investors with less than $1,000,000.
- 2Schwab's current yield for investors with more than $1,000,000 is 3.91%.
- 3A 1%p difference in yield on a $50,000 cash balance results in an additional $500 in interest over one year.
So what's the key point?
Money market fund yields for Vanguard, Schwab, and Fidelity currently range from 3.56% to 3.89% for investors with less than $1,000,000.
Source Investopedia · View original ↗
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