I have about $150K that I want to transfer from savings to a Vanguard account. I already have a brokerage account with them for my investments. Any thoughts or advice? I am looking at their compare money markets section online, and VMRXX seems to have the best average return at 5.26%, but there are a few others at 5.25% with differences in expense ratios. Thanks in advance.
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I use Fidelity and haven’t encountered any drawbacks. I actually appreciate it because I can invest my surplus savings in stocks or ETFs.
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I think the user interface is far superior to Vanguard.
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I maintain a sizable cash reserve because I am concerned about job loss. I use this reserve to fund both my and my wife’s Roth IRAs, so the cash balance increases over time and then decreases as I make these contributions.
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I have a stack hidden there since I didn’t want to worry about timing the sale of index funds in case we decided to buy a property. But now that we know we won’t be purchasing anytime soon, we probably ought to convert half of them to S&P 500 funds.
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This. No matter how solid a position appears on the surface, you could be fired at any time and without cause. 
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I keep 80% of my emergency fund in USFR, with the remainder in a checking account. This setup helps me avoid most state taxes compared to using a high-yield savings account. The rest of my non-emergency funds are invested in low-cost index funds.