VMRXX or a High Yield Savings Account?

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glosing
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Joined: Fri Aug 29, 2014 10:26 am

VMRXX or a High Yield Savings Account?

Post by glosing » Mon Jun 11, 2018 3:33 pm

I have a significant amount of cash in GS-Marcus hi-yield savings which is currently paying 1.7%. I will need this money in about 10-12 months to pay the balance of a condo which we are purchasing and is in construction. We have just set up trust accounts, and the Marcus account cannot be transferred to a trust a/c at that bank. So I am wondering if I should just move it to our Vanguard trust account and invest in the Money Market account, or look for another high yield savings account which will allow trusts, and if so what are your recommendations? I value your advice here ~ Thank you.

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