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@weloki These MMFs only uses US government products. For them to lose value, the US government would have to fail. They’re as safe as an HYSA, but if you trust the FDIC over US Treasuries, then knock yourself out. Go be “safe”.

@weloki The biggest risk is that the US government collapses. The FDIC won’t be able to protect your HYSA either if that occurs. You’re throwing away 1%.

@balkan I believe that’s true with VUSXX, but not VMFXX, but good point. Thats significant in some states.

@sazbastein And cumulative it’s 5.4%/yr, so it’s a pretty great deal.