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Friday 9th of February 2024

What do you think about SGOV for cash management?

Keith Taxguy, EA

Friday 9th of February 2024

SGOV is fine as cash management tool. I mention in the post Fidelity and Vanguard because I use Vanguard, and Fidelity falls in the same group. SGOV is at Fidelity so if that is where your accounts it is an adequate money market account for short-term monies.


Monday 5th of February 2024

Not all bank savings accounts are "a small step above the checking account". Online banks tend to have much higher rates on their savings accounts. My checking account pays 0 interest but my savings account pays 4.4% while the best 12-month CD rates are around 5.3%.

Having said that, I also have an account at JP Morgan Chase. That savings account pays .02%. Laughable.