Creating Vanguard Account - is there a min investment to move $ into settlement (VMFXX)?

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Hot Sauce
Posts: 285
Joined: Wed Aug 28, 2024 2:46 pm

Creating Vanguard Account - is there a min investment to move $ into settlement (VMFXX)?

Post by Hot Sauce »

Hello

I would like to create a Vanguard taxable brokerage account. I only have $100 to move in as of today. Can I move this $100 into the settlement fund, or do I need $3K as an initial minimum? My confusion arises because, according to the website, investing directly into VMFXX requires $3K. However, if I transfer cash in (and by default it goes into the settlement fund), do I still need to move $3K in?

Thank you
akam
Posts: 88
Joined: Tue Sep 15, 2015 4:52 pm

Re: Creating Vanguard Account - is there a min investment to move $ into settlement (VMFXX)?

Post by akam »

No minimum for the settlement fund. $100 is fine.

See:
"Is there a minimum investment amount for Vanguard money market funds?
...The Vanguard Federal Money Market Fund tied to your brokerage settlement fund has no minimum initial investment amount."
source: https://investor.vanguard.com/investmen ... ey-markets
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