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@golgothaghostwriter Crypto companies offer similar yields without FDIC protection because crypto which could be the source of confusion.

@gordie1

@jespy I’m not familiar. I personally prefer using the major brokerages (Vanguard, Fidelity, Charles Schwab) which all have similar, overlapping money market funds. Is State Bank of Texas offering a certificate of deposit (CD) at 5.4% for something like 12 months? If so, assuming they’re FDIC...

@jespy Gotcha. Then you’re doing the right thing. Look into money market funds. They pay higher interest than most HYSAs (VUSXX is 5.28%), are effectively zero risk, and you save on taxes on the interest which is why I use them for an emergency fund over a HYSA. Also, look at the Bogleheads...

@jespy Are you saving this money for a large expense in 3-5 years? If not, you should have a robust 6-9 month emergency fund in a money market fund gaining ~5.3% and invest the rest in the stock market.