This is how I set it up as well except I manually put my paycheck into FZDXX twice a month. Unless I forget and it sits in core FDIC. Doesn't really bug me either way as this is just a checking account.gpburdell wrote: ↑Fri Jun 21, 2019 5:49 pmYou don't have to link CMA to another account. Just put all the cash in a Fido money market like SPRXX in CMA and it is treated as cash. I pay most of my bills (5-6k/month) with CMA using SPRXX and have never had an issue in years. Though I always make sure there is a buffer of a couple thousand. I don't even have CMA linked to another account as I'm not a fan of something pulling automatically from another account with out my explicit instruction.Artsdoctor wrote: ↑Mon Jun 17, 2019 8:36 am ^ I don't think it's "too good to be true" because you're paying for the CMA through forfeited interest. While you can keep your CMA balance at $0 with a backup higher-earning money market account linked to your cash account, reading previous posts will underscore that this is not fool-proof and that you may have an occasional bounced check.
I'm with you and don't want anything linked to my daily checking account. This just makes sense to me.