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Podcast: Collect Cash
Episode: Vanguard and Fidelity Just RAISED Interest Rates! (VMFXX, SPAXX)
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Vanguard and Fidelity have yet again increased the interest rate on their money market funds VMFXX and SPAXX & FZFXX. These now offer about a 5% interest rate on uninvested cash. These funds buy short term government assets, which are among the safest low risk assets out there. I'm not sure what other investments can give this high of a yield with such little risk.
Disclaimer:This is not financial advice and I am not a licensed...