Would you be receptive to an alternative suggestion?All these comments are helpful. I will look into straight treasury bills (I have never done this). The reason why it was so ghastly horrible for me is because I am off the charts busy, can never get done what I need to do, and I had to LITERALLY WASTE hours with this inept company, for nothing. I had not solution in the end. I don't think it tripped security. I have been there over 30 years. I think it is a crazy, inept company (I PUT THE VERIFICATION CENTS INTO THEIR SYSTEM). I have just had it. THEIR REPS ARE NOT TRAINED AND DON'T KNOW WHAT THEY ARE DOING. And they have an F from the BBB!! That's why! I don't have time for nonsense!
Eileen
*IF* the amount you want to invest is more than $100k, US Bank. You can then apply for their Smartly Rewards credit card that offers 4% unlimited cashback with no upper limit on purchases or earnings.
At US Bank, you can buy GABXX, it is also a 100% Treasuries money market fund, but pays a smidgen more than VUSXX (4.7% at GABXX vs 4.6% VUSXX).
Further tiny details are that you will have to open a Smartly checking account to redeem the 4% cash back according to their terms. BUT, if you can swing two $4000 direct deposits into their checking account, they are also offering a $450 bonus for opening the checking account.
YES, a few hoops. BUT, unlike Vanguard where there is no reward, there is a 4% rewards credit card that MAY make it worth the hoops.
Not a US Bank customer, nor did I apply for the Smartly Rewards card, but just thought you may be better off at US Bank.
Statistics: Posted by lakpr — Fri Dec 13, 2024 7:37 am