EmergDoc wrote:Vanguard doesn't charge, it pays you. Likewise, Schwab. I think Schwab yields 0.01% and Vanguard yields 0.01% right now. Yields/returns are AFTER the expense ratio.
Vanguard Prime VMMXX has an ER of 0.16%
Schwab Cash Reserves SWSXX has an ER of 0.23%.
Default User BR wrote:One that surprises me is ShareBuilder. Their FDIC insured sweep option is paying 0.50% APY.
Doc wrote:Default User BR wrote:One that surprises me is ShareBuilder. Their FDIC insured sweep option is paying 0.50% APY.
That's the difference. For accounts less than $500,000 Schwab forces you into a Schwab Bank FDIC "cash" account which at present is paying more than most MM accounts. That may change in the future when interest rates "normalize".
Users browsing this forum: 22twain, AspiringDoc, bobbun, briang, Dave55, donaldfair71, DSInvestor, Exabot [Bot], happyisland, Hexdump, kevqno, meyer99, packer16, runner9, SecretAsianMan, thx1138 and 41 guests