Personal Investments • 2023 US Government %'s on Fidelity Money Markets

Thanks for that feedback. Interestingly the Schwab US Treasury Money Market Fund had 99.6% and has a slightly better yield than SPAXX. I live in PA which has a fairly low state tax rate of 3% so it works out to a about a 10 basis point drag to be in SPAXX compared to SNSXX

I think the treasury only is not an industry standard term but one coined by fidelity so their customer can tell which funds would be exempt from state tax. In ca taxes would be higher closer to 6% the other problem is that you can only claim it if the amount is greater than 50% treasuries.

Statistics: Posted by gavinsiu — Sat Feb 17, 2024 2:11 pm — Replies 16 — Views 768

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