This is a YouTube video titled "Vanguard Cash Plus Account #doctor #money #investing #success" containing a monologue or informational talk about the features of Vanguard's new cash account, including its interest rates, FDIC insurance limits, and usage options. The content was created in September 2024 and focuses on personal finance and investing topics.
Now the new cash account at Vanguard that you read about on Bogleheads that only recently rolled out and it pays 4.5%, so a lower rate, but in exchange you get FDIC insurance, if that matters to you. Interestingly, Vanguard works with banks so that up to 1 million 25 million is FDIC insured for an individually held account, or 2.5 million is insured for a jointly held account. That is meaningfully higher than normal fdic limits, which are 250,000 for an individual or half a million for joint account owners. If you'd rather get 5.25%, then you'd hold the cash in a brokerage account. In the brokerage account, the settlement fund defaults to the Federal Money Market Fund. In the cash plan, you must actively elect the Federal Money Market Fund. The cash plan. You can get a routing number and an account number for direct deposit and autopay and use it like a checking account.
Physician Takes a Youth Sports Team to the State Championship - MtoM Podcast #236
