Merrill CMA has the “preferred deposit” FDIC rates of 4.71%, which is somewhat competitive, but you have to have $100k to “open” it. You can reduce that to as low as $1 after you “open” it.It appears they want the safety of FDIC account over the tax saving from Federal Tax Exempted. CMA FDIC rates are not competitive.I don't think there is a FDIC tax exempted unfortunately.What's the hesitancy using something like Fidelity CMA with money market funds, some of which is fed tax exempted?
https://olui2.fs.ml.com/Publish/Content ... eSheet.pdf
I like CIT platinum (5%), they have huge transfer limits in and out, and a nice website.
https://www.cit.com/cit-bank/bank/savin ... gs-account
Statistics: Posted by OrangeKiwi — Thu Jul 11, 2024 8:29 am — Replies 7 — Views 444
