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I use it for ease of moving money in and out into my primary bank account. Transfers are quick. I have a higher rate due to referrals so the difference in APY % is minimal. To move out of a MM funds have to settle and then can be transferred out. DM me if you need a referral for 1% higher apy for 3 months!
I like Marcus by Goldman Sachs. Transferring money in and out is easy and I just put money there as a savings account sort of like an emergency fund. After it hits a certain amount, i invest the rest in stock and money market
I just use Wealthfront
I have been using Wealthfront Cash Account for last couple months. It has been paying me interest every month end at 5.5% APY with referral. Easy and quick to withdraw funds any number of times. Use this link for referral https://www.wealthfront.com/c/affiliates/invited/AFFB-J63I-TU5I-VWW5
Thank you SAURABH
I use it and I use it because of the High APY offered. It’s a good temporary tool to use to allow your money to make money with compound interest. You can always save up a specific amount and diversify where your funds reside.
As far as customer services, experiences and situations vary. My experience is good. I utilize the app mostly unless there is a situation that would require me to have to call in.
I use it because I can directly pay my credit cards/ rent from the account, I can DM you a referral
Its basically a money market product in a "high yield" savings account. Money market is a part of the fixed income, but you don't have an interest rate sensitivity due to the short-duration nature. On the other hand, you bear a reinvestment risk - if Fed cuts aggressively, you will have to find something new and it will likely be challenging to get that yield without credit or duration risk. I use it for practical purpose - you can withdrawal and receive money next day. With bond portfolio you face a market risk and if you sell you can get your money in 3 days (2 days for settlement and 1 day for withdrawal).
I use laurel road. Their savings account has a 5% interest rate
Marcus all the way - super easy and intuitive to use the app, quick transfers, better APY rates. Feel free to use my referral link to boost your APY :)
https://www.marcus.com/share/ASU-FKY-1MZ1