Quote:
Originally Posted by Crowbob
OK. There is no brick and mortar bank anywhere near me with any kind of account with that kind of rate.
Might be soon though, since the Fed upped it today another 25bps.
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I thought I was pretty clear above. Sorry it was verbose.
My checking accounts interest is so low it might as well be 0.
I moved the money from checking to a linked brokerage account, then bought vusxx fund which is almost all treasuries and returns current treasury rate which is 4.58.
If something comes up I sell what I need of vusxx and transfer it back to checking, start to finish that takes 1-2 days.
EDIT: Not to say I'm happy with this. 4.58 is still less than inflation so my purchasing power is still disappearing fast. Wish I could rewind to 3 years ago...