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A comment on Banks Are Now Accused of Cheating Customers Billions. Parent comment

Re:Banks Are Now Accused of Cheating Customers Billions by loeg on Friday August 16, 2024 @04:32PM (#41270102)
> Going even farther than that direction, there's muni bonds, funds, or money markets. At which point you're probably back to Vanguard for the best rates. (But again, not the same exact characteristics as a savings account)

Yeah, very different product. Muni bonds are riskier than treasuries and much longer term than money market funds / treasury bills. E.g., VWSTX ("ultra short term muni") has an average maturity of over a year and 45% of portfolio is worse than AA. Vs VMFXX (money market) with an average maturity of 11 days and the entire portfolio is backed by the US government, which is essentially as good as it gets.

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Re:Banks Are Now Accused of Cheating Customers Billions by junar on Friday August 16, 2024 @05:37PM (#41270607)
For the sake of completeness, it important to recognize that muni money market funds exist, such as VMSXX, VCTXX, and VYFXX.

My impression is that the current yields of these funds are not high enough to justify for most taxpayers, compared to other funds. But since everyone is different, it can be helpful to sit down and do the math for your individual situation.

https://thefinancebuff.com/best-vanguard-money-market-fund-y...

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