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I have about $60K in a Cap One MMA earning 1.75%. I was thinking about moving some money over to Vanguard Prime Money Market Fund but am thinking with the expense ration isn’t it likely that the Vanguard fund will net less, or at best an equivalent, to the Cap One MMA?
Vanguard Prime MM or Fed MM already include expense ratio on their return. So, what you see is what you get 2-2.23% net return. I would move it yesterday if I were you.
Agreed, SEC yields are AFTER expenses are deducted for all mutual fund products. Btw, look at VUSXX if you live in a high tax state, it may do a smodgen better and is slightly Les risk.
Btw, you need to look at the compund yield below SEC yield if you are comparing it to a saving account, which will be 2.25% in this case.