Not really. Other than keeping just enough in 2-3 bank accounts to cover bills and misc small expenses, I keep most of my cash reserves in several online high yield savings/ MM accounts. I may alternate between them from time to time but over the last 5+ years it's mostly been CIT, where i'm currently getting around 5%. Some banks pay more, but I think CIT has a good balance of credit strength, ease of use, speed of money transactions and consistency when it comes to maintaining higher yields.
Beginning last year, I started transitioning out of this HY savings account into treasuries via treasury direct. With 4-26wk T-Bills yielding close to 5.5% (and state income tax-exempt), setting up a rolling, laddered portfolio of T-bills for your liquid cash makes sense to me.
Beginning last year, I started transitioning out of this HY savings account into treasuries via treasury direct. With 4-26wk T-Bills yielding close to 5.5% (and state income tax-exempt), setting up a rolling, laddered portfolio of T-bills for your liquid cash makes sense to me.
