Those of you considering Cash Plus or an alternative CMA offered by another brokerage, do you have any concerns about the following:
That is, are you concerned about allowing vendors to withdraw from an account at your brokerage, thereby reducing "separation" between your day-to-day transaction account and your brokerage account?My primary checking account is the hub with all kinds of connections to credit cards, utilities, bill pay, checks, and everything else. I think I like having a minimal amount of money in that account since it is accessed by many third parties. Having my primary account at Vanguard, where the “real money” is stored, would make me a little wary.
Statistics: Posted by zero_coupon — Thu May 23, 2024 12:34 am — Replies 1005 — Views 121476