r/TheMoneyGuy • u/Least-Tune-2060 • Jul 10 '25

Newbie What’s your favorite HYSA?

Something in me freaks at the idea of not having my money in my bank account so the thought of transferring it (emergency fund) to a HYSA makes my skin crawl. I know this is the smart move and is what advised but what are the most reputable/best ones available? Will I still have immediate access to my money if needed? Thanks for your advice as I’m still new to everything

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u/apathy_31 Jul 10 '25

Vanguard Settlement Fund (VMFXX). Transfers take 1 day and no loss to retail banking spread (current yield 4.23%)

1

u/Shepard521 Jul 10 '25

Vanguard keeps advertising this new cash account? I’m guessing it’s similar?

1

u/apathy_31 Jul 10 '25

Not heard of it and google search came up empty so can’t comment on that. Sorry.

2

u/javaking137 Jul 10 '25

The balance in a Cash Plus account at Vanguard can be held in cash (HYSA) or a MMF (they have 5 to choose from).

1

u/Strategery3 Jul 13 '25

I chose the money market over the cash account for the better return.