As a Vanguard customer, I was invited today to open a new Vanguard "Cash Plus" account, which is currently paying at 4.5%.
Since this money is placed by Vanguard into participating banks, it is covered by FDIC insurance.
Apparently, it is only available by invitation only to select Vanguard customers. The timing was perfect as I had some $$$ that needed to move, and I wanted to get a better return on than the 4.15% that Discover is currently offering.
Is it time to start looking at online CD rates, to start locking in these 5%+ rates for at least a year?
Since this money is placed by Vanguard into participating banks, it is covered by FDIC insurance.
Apparently, it is only available by invitation only to select Vanguard customers. The timing was perfect as I had some $$$ that needed to move, and I wanted to get a better return on than the 4.15% that Discover is currently offering.
Is it time to start looking at online CD rates, to start locking in these 5%+ rates for at least a year?