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Money market fund advice E Trade
Posted on 4/15/25 at 10:56 am
Posted on 4/15/25 at 10:56 am
I make IRA contributions every two weeks and primary investment doesn’t allow fractional share purchasing and it generally takes several deposits to have enough to purchase the fund.
In the interim while my cash is in my IRA but before I have enough to purchase the ETF, is there a money market fund the board would recommend?
Platform I use is E Trade.
Thanks.
In the interim while my cash is in my IRA but before I have enough to purchase the ETF, is there a money market fund the board would recommend?
Platform I use is E Trade.
Thanks.
2
Posted on 4/15/25 at 11:01 am to bobdylan
Doesn't the holding account earn interest? My Vanguard holding account is at 4.23%.
Posted on 4/15/25 at 11:25 am to VABuckeye
My E Trade account automatically invests excess cash in a MM fund.
Posted on 4/15/25 at 12:00 pm to VABuckeye
quote:
Doesn't the holding account earn interest? My Vanguard holding account is at 4.23%.
Yea, most i've ever seen, the holding account is a money market fund, so it earns interest.
Posted on 4/15/25 at 7:18 pm to GoCrazyAuburn
Thanks all.
It’s never much money sitting there long and never paid attention if it was earning interest.
It’s never much money sitting there long and never paid attention if it was earning interest.
Posted on 4/15/25 at 8:02 pm to bobdylan
I don’t have E*trade so can’t say for certain theirs is the same. May be something you have to enroll in. Not sure. As mentioned previously, Vanguard’s settlement account is in a money market account, so it is getting in the 4% range annually.
Posted on 4/15/25 at 8:20 pm to VABuckeye
quote:
Doesn't the holding account earn interest? My Vanguard holding account is at 4.23%.
I know my Schwab earns more than my savings account, but i have Chase so that isn’t saying much. But still.
Posted on 4/16/25 at 5:15 am to bobdylan
SPAXX
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