News for hackers. Stuff that matters.

A comment on Ask HN: How does Apple Offer 4.15% APY?.

Re:Ask HN: How does Apple Offer 4.15% APY? by LUmBULtERA on Sunday April 23, 2023 @07:23AM (#35675293)
As others are saying, the high federal funds rate makes this quite easy. Vanguard offers a Federal Money Market that can be used as a cash-sweep in its brokerage accounts that's currently offering 4.88% compounded yield (VMFXX). I'd rather use that myself than Apple's lower 4.15%.
[ Parent | on HN ]
Re:Ask HN: How does Apple Offer 4.15% APY? by pgwhalen on Sunday April 23, 2023 @09:52AM (#35676242)
It’s worth noting that you’re sort of comparing apples and oranges, as VMFXX is not FDIC insured.
[ Parent | on HN ]