SNSXX
The Charles Schwab Family of Funds - Schwab U.S. Treasury Money Fund
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How do dividend payments work for a US Treasury Money Fund like SNSXX?
Fund to park money Schwab (SWVXX, SNVXX, SNOXX, SNSXX)
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Fair point. Bond funds do give you some advantages in the form of flexibility and convenience, though. You can trade them in small chunks, as needed. If you’re looking for price stability, there’s stuff like SNSXX. Slightly higher expense ratio than SGOV, but the price remains stable. I find the convenience of not having to worry about price fluctuations and the ability to trade small amounts is worth the difference in yield.
I can't think of anything that will give you 5% and liquidity. Fidelity parks my extra money in SPAXX so what is Schwab's? Maybe SWVXX or SNSXX.
Honestly, bonds or SNSXX or SWVXX or worse comes to worst, cash. It’s all guesses, but I’d be surprised if we don’t see these price levels a few more times over the next five years. Things are literally FOMO, AI-bubble, CAPE 40 insanity. It’s not always a bad idea to take your chips off the table and watch some other people play for a while. But we all assess things differently.
Put $25 a week into SWTSX or its equivalent at whatever brokerage you like (fidelity or vanguard). Separately, put $25 weekly into a money market (like SNSXX), which will grow into your emergency fund (to cover a year’s worth of expenses if you lose your job or some crazy shit happens. Just leave this pile alone.). Put the rest of your savings into a HYSA (like Amex) and that is what you’ll use for current expenses. Reassess every 6 months or so and increase or decrease what you put in. Hopefully you can keep increasing. In a few years, you’ll have a healthy emergency fund that’s kept pace with inflation, a healthy position in a total market fund (poised to grow for the next 30 plus years), and if you did it right, you’ll have barely noticed.
Gold goes up when there’s uncertainty. I’ve taken full advantage of that lately. Buying physical gold or an ETF like IAU. SGOV/SNSXX seems like a good way to diversify as well. You can diversify into XMAG, VT, etc but those will tank if the mag7 tanks.
Does SNSXX have an advantage over SWVXX in exchange for giving up 0.09% 7 day yield?
Consider SNSXX, but almost certainly splitting hairs at that point. I used it as my HYSA with a very small emergency savings fund in my regular Chase acct
I use SNSXX, but SWVXX is great, too.
It’s about state taxes. Quoting Google: SGOV (iShares 0-3 Month Treasury Bond ETF) and SNSXX (Schwab U.S. Treasury Money Fund) have different tax implications. SGOV distributions are subject to federal income tax and may also be subject to state and local taxes. SNSXX, on the other hand, is primarily invested in U.S. Treasury securities, and its distributions are generally exempt from state and local income taxes.
MMA like SNSXX. Pays a tad more 4% interest monthly, almost entirely exempt from state taxes.
Finally moved my cash from a HYSA to SNSXX towards the end of last year and it's sooo much better. I feel stupid for not doing it sooner.
I am new to investing; trying to gain regular focus on the market & grow my current capital for real estate investments within the next 5 years. (Not thinking about retirement too much yet; 27y/o living in NYC) my current portfolio is 20k SPLG 5k SCHF. I plan to cap what I have in international & only add additional money in to SPLG on a regular basis as well as creating a "fun" account to play with & learn options. I also have a 10K emergency fund currently in SNSXX but considering dividing that- 6K SNSXX/4K in a 4wk tbill ladder Appreciate any insight 🙏
Thank you. The only reason it’s all in SNSXX was because last year was nice 50k gain. Have been debt free since late 2022. You really believe in RDDT that much?
SNSXX is treasury mmf at schwab. There’s no reason you should be in that in a Roth. If you have to be cash equivalent in IRA, you’d want to be in prime. You need a plan. You can certainly take a sabbatical (not career advice just investment advice) with what you have right now, your age. But before you do so you should make sure you have a plan. Your HSA and Roth should be invested, not cash/cash equivalent. Everything outside of what you want to set aside for this trip should also be invested. (Ps, vitax and swppx YTD are both positive).
Yeah I pulled 275k out for a small gain after an end of year reset(fuck last year was a “put money in just about anything and you’ll get 15-20% back easy”) and had it all in 3 mutual funds. Pulled my money and parked in SNSXX. Wife and I are planning to take 100k and travel the world for a year and see what we feel like doing after that. I don’t trust him to make wise decisions in the next 3.5 years so I’m cash heavy outside of our 401k/roth/trad.
Pulled 275k for a bit of a gain. Put it all into SNSXX. Earning about a grand a month. Using that interest to build a 3 fund with 40/40/20 VGT/VTI/VIG along with any additional money from paychecks. Will start pulling 5k a week to put into those three funds as soon as the tariff pause ends 7/9
If you may need the money in the coming years, it is probably best to place the money in a high yield savings account where you'll earn \~4%. You could also open a brokerage and place the money in a safe money market fund (e.g., SGOV, SNSXX, SWVXX).
The default Vanguard settlement fund is VMFXX, a federal money market mutual fund. Fidelity also uses a MMMF for settlement, SPAXX. Schwab does not use a MMMF as the settlement fund, so you would need to purchase a MMMF manually, like SNSXX.
Inside an IRA nothing is taxed so investing in a fund to avoid state income taxes is not a benefit as you pay no taxes . With an IRA you get a tax break when you contribute , then when you withdraw you pay taxes, gains/losses/cost basis does not matter, gains on interest or gains on capital gains do not matter If you contribute 10k to a IRA you get a 10k income reduction . Example you make 100k but contribute 10k into an IRA you are taxed on an income of 90k not 100k So lets say you contribute 10k, you get a tax break on that 10k. Lets say it sits for 20 years and becomes 40k When you with draw 40k it will be taxed on income, it does not matter how that growth occurred weather it was interest , or growth or capital gains. So because the tax benefits of SNSXX do not matter you could buy their SWVXX fund that yields slightly more as the tax advantages of SNSXX do not matter in a IRA
Please assist with Money Market fund in IRA - In this example, let's say a relative of mine who is above retirement age sold a stock that she held for 5 years into cash for $100k. The cash is still inside the Simple IRA. Then, she immediately puts the $100k cash into SNSXX (Schwab U.S. Treasury Money Fund) that is earning around 4% annually, which is supposedly exempt from state income tax (this is in a state with high state taxes). So for round numbers let's say she doesn't touch the $100k for 2 yrs, and is sitting there with $108k after the two years. Then let's say she sells the full $108k of SNSXX into cash (still inside the Simple IRA), then immediately withdraws the $108k. Will this $108k be taxed as normal income, meaning the benefit of using SNSXX to aviod state tax was nullified since she used this in a Simple IRA? Or, will only the interest of $8k from SNSXX be taxed at just the federal rate, and the rest is taxed as normal income since it was a stock sale that genreate the initial $100k? Thank you!
For me it’s liquidity. This is kind of how I set up my finances 1. Checking account: this month’s expenses, and it’s where I can pull my cash from. It’s like a central hub for all my accounts. Paychecks come into here, then get dispersed to all other accounts. 2. Savings account: another month of expenses or emergency stuff. Since it’s with the same bank as my checking, the transfer is same day, instant, and I can pull it out. Think emergency car repair. It’s also a psychological thing for me, where I have to go “do I really need to pull out this cash?” 3. HYSA: 2-4 months of emergency cash. 3.7% APR. but dividends are taxed, and my tax bracket is somewhat high, so I’ll keep about 20k in there 4. Brokerage account: 6 months of funds. Only SGOV (short term T-bill ETF), that isn’t fully subject to state tax. The thing is, the cash is liquid, but not that liquid. I still have to sell it, the funds have to settle, then have to get transferred to my checking account and that can take a couple of days. As for SNSXX vs SGOV, I’ve always just bought SGOV, and so I just stay there (yes I know it may not be optimal because of expense ratios and stuff) So for me, the reason I have a savings account is a mix of psychological reasons and “liquidity”
I use Schwab Prime Advantage Money INV (SWVXX) current 7 day yield is 4.12% which is higher than SNSXX which is currently 3.97%
It’ll be like buying any other mutual fund or stock or etf. You just type in the ticker (e.g. SNSXX) and buy.
What exactly is SNSXX structurally?
I have 4.0% in Wealthfront. It is not tax free. I am not sure that SNSXX is tax free, maybe state tax free which for me is only 4.25%. I would assume many people think of it still as investment which carries risk(even ridiculously minimal) while a savings account is Risk Free. I'll take that over the minor benefit that SNSXX might offer.
I’m just doing this now myself. I have CDs in my bank and then split my savings up. Left some in my bank account for immediate access and with the excess I just bought SNSXX in my brokerage account. Very new to investing now that I’m in my seventh decade. Learning as I go. Too late for me but have started a custodial account for my 13 yo g-kid. So yeah, TMMs look like a great bridge btwn short and long term.
Why not SGOV? The key differences between SGOV and SNSXX come down to structure, liquidity, price stability, tax treatment, and use case. For cash management with trading flexibility, SGOV is often more attractive due to yield. For ultra-safe, stable-value cash storage within Schwab, SNSXX is ideal.
FYI: yield already accounts for expense ratio The 7-day yield for money market funds like SNSXX (Schwab U.S. Treasury Money Fund) is net of the expense ratio, meaning the stated yield already accounts for the fund’s operating costs. This is standard practice for money market funds and aligns with SEC regulations for yield reporting. Key Details: • SNSXX Example: • The fund’s 7-day yield (with waivers) is 3.97% as of May 22, 2025. • Its net expense ratio is 0.34%. • The 3.97% yield reflects returns after deducting the 0.34% expense ratio; investors do not need to subtract the expense ratio again.
I’ve worked pretty hard over the last ten years and crossed the 300k mark after buying some of the last dip. I’m not some oracle but watching my accounts fluctuate 40-50k got my nerves quite a bit. If I miss out on a couple months of gains that’s fine. With it all in SNSXX I’ll be getting about a thousand a month in interest. Will continue to hold and see what happens but we’re not even 1/8 of the way through this presidency. I’m not convinced that we won’t see another large dip again so, like I said, I’m going to wait until the 90 day “pause” is passed and will decide if I want to get back into the markets. Worst case scenario, and I mean absolutely worst case scenario, I can buy my wife and I citizenship in 5-6 other countries with what’s in my portfolio as of now.
It's definitely correct, I've held and sold SNSXX before. It get's settled around 9pm eastern each day.
There's one other thing you might want to check, if you're in a position where you thought you might want to sell SNSXX and be able to buy something else the same day. Usually in a brokerage account, if you sell a stock, you can turn around and use the proceeds to buy something else immediately, even though the trade doesn't officially settle until the next day. Mutual funds, though, only get priced at the end of the day, after the close. Even money market funds. You put in an order during the day, but it doesn't actually happen until after the market closes. So if you sold SNSXX, you might not be able to trade with the proceeds until the next day. I've never held a mutual fund in a brokerage account, so I don't know 100% whether this is correct.
Redemption risk is a function of liquidity. It would take a real catastrophe for a goverment money fund to ever have a liquidity problem. Like, you'd-have-more-important-things-than-money-to-worry-about catastrophe. I don't think there's any difference in the tax treatment between that fund vs. holding the underlying securities directly. Pure treasuries are taxed Fderally, but exempt from state and local taxes. SNSXX is technically allowed to have up to 20% in stuff other than treasuries, and that could affect the state-and-local taxation if they did it, but I looked at their portoflio and I don't see any instruments other than treasuries in it and I wouldn't expect to ever see anything but treasuries in it.
I use both for convenience. I've yet to touch the t bills, would cancel autoroll if I started to tap in to the e fund Breaking the buck is rare in MMF, you should research that Another alternative is to do 4 week t bill ladder if you don't want to use MMF. T bills have higher return than SNSXX too
If you have a Schwab account, SNSXX is fine. If you wanted to redeploy the funds quickly to stocks or something else, it'll be more convenient than having a treasury account. Redemption risk is all but meaningless. A government money market fund is going to have less risk than anything else except cash.
I've been using SNSXX on Schwab because it has a state tax exemption and I live in a high income state and for HYSA I would need to pay state taxes for the interest.
take it out, buy treasuries until you need it for house (or just a treasury fund like SNSXX)
I trust using treasury money market funds, it’s US treasuries, if the US defaults on these FDIC may not matter. FYI, I have both SNSXX and VUSXX, VUSXX consistently has about a 0.20% higher SEC yield. I believe VUSXX is only available at Vanguard.
SNSXX is all Treasuries, backed by the U.S. government. Who is backing FDIC-insured CDs? The same.
hi everyone, a few weeks into learning about investing in general and would appreciate if anyone had any input or ways I could improve where I started or if it looks pretty good. I’m fortunate to be able to invest or save basically ~3k month for the next year or so (no 401k through work). My plan was to put about $600 into my Roth IRA, $2000 into a MMF at Schwab (SNSXX), and the $400 or so left into a taxable account every month. Below is what I’m invested in for each. I have everything in a Schwab mutual fund as I like being able to invest partial shares. I like the idea of having a somewhat simple portfolio to start but I also want good growth as well as I’m just about to turn 24. I really appreciate any input/advice on this as I’m still a newbie and learning. Thank you. Roth IRA - SWTSX (60%) SWLGX (25%) SWISX (15%) TAXABLE - SWPPX (70%) SWLGX (10%) SWISX (10%) SFENX (10%) MMF - SNSXX (100%)
SGOV or SNSXX, no state income tax.
Does China dumping treasures affect SNSXX and SWNXX?
If it is a taxable account and there is an income tax in your state, look at SNSXX instead of SWVXX.
At Schwab cash has to be manually moved to the "purchased money market" funds. SWVXX and SNSXX, for example. [Here is the full list](https://www.schwab.com/money-market-funds). Could that be what this is about? If so, that is the right thing to do. And Schwab makes money off of people who fail to do it. For example, my wife received an inheritance last year, and our FC called her to make sure that she was planning to make that move. Note that it would have been in Schwab's interest for her to just let it sit as cash, but he was making sure that she did not make that mistake. Handling a family member's investments is a mine field. Other family members can get their noses out of joint even when things are done properly. My suggestion, having been down this road, is to get a real financial advisor to manage the portfolio. And the Schwab Consultant can help you find the right match (doing so has been Schwab's bread and butter for a long time). It is not about the fees, it is about you not being the lightning rod for imagined wrongs.
Hi, as US expat who cannot buy domestic MFs, what is the equivalent foreign option of SNSXX?
Oh. Oops…does sgov avoid CA state taxes like SNSXX does?
Bought them in 21 and 22. Sold last year, moved to SNSXX.
If OP wants something truly safe, it'd be something like SNSXX which can be treated as a savings account.
You can invest in a t-bill index like SNSXX having the money more liquid and still getting the state free tax benefits (assuming US)
I keep the 6 months emergency fund in SNSXX/SGOV, much better interest rates than my savings accounts. Then I keep 1 month expenses easily available
Unfortunately your post will fall on deaf ears around here. It belongs in r/investing and or r/bogleheads I’m 42 and same max out 401k, max out Roth (front load on 1/1 every year) , max HSA(triple savings). The” excess” I have is put in a taxable account SNSXX(state exempt). I Just come here to see everyone make these huge plays I don’t have the balls to do this late in the game with my portfolio.
I was doing SNSXX, but it takes an extra day to get the money to use. Can you lose money with SGOV anymore than you can with treasuries?
There are a number of ways to hold them, but what I'm talking about is either a money market fund like SNSXX or ETFs that pretend to be money market funds like SGOV. You sell, wait for it to settle, then transfer - that'll be a couple business days generally for it to be available in a different financial institution. Personally, I still keep a third of our emergency fund in a low yield savings account at a national bank so it's available instantly if we need to transfer to checking or pull cash from an atm. But the other two thirds is in SGOV and i-bonds, yeah, where we're trading a bit of accessibility for better protection against inflation.
SNSXX is a safe 4% The stock market will roar to new highs until it suddenly falls apart. Good luck on timing it perfectly!
Look into MMA funds like SWVXX/SNSXX if capital preservation is paramount. $500K will earn approx 4%+ interest, paid monthly. SNSXX is exempt from state tax.
Nah, if you're in a high income tax state, SGOV or a Treasury fund like SNSXX is better.
You can buy SNSXX. It buys debt from the government. The government guarantees it will pay back this debt and you won't lose money. If the government collapses you should have bought ammo and canned food.
Depending on the fund it may hold commercial paper what has a very small amount of default risk, these funds will potentially pay slightly more interest. Others will for example only hold treasures, SNSXX for example. Treasures are the full faith and credit of the USA government FDIC is backed by the full faith and credit of the USA government. Meaning if the USA defaults on its debt , FDIC is out the window. Meaning treasuries are as safe or safer than FDIC insured products.
The fund I'm referring to is SNSXX thru Schwab. The 7 day yield is 4%. I'm sure other brokers offer similar products, but the key is whether or not it's a treasury fund.
I have a little less than 6% between SNSXX and treauries. That's more than normal given we've just moved into a new house and I'm keeping cash on hand for minor updates we've been considering. I'm usually 3-4%.
Long answer is yes. But it depends on your tax bracket and your state of residency. You can use a muni-based money market fund which is tax exempt. This would have a lower yield but on a post-tax basis - it could be higher. Since you mentioned SNSXX - I assume you are a Schwab customer. The list of Schwab muni money market funds are here - [https://www.schwab.com/money-market-funds](https://www.schwab.com/money-market-funds)
Hmm, it does seem like a common theme that the people that answer the phones don't always seem to know what they are talking about. Do you happen to know if SNSXX counts as cash for CSP?
Moving money in and out of money market funds like SPRXX or SNSXX is quick and easy, some banks even let you write checks or take ATM withdrawals directly from a money market
Put it in a money market, I use Schwab, SNSXX is getting ~4.5% right now
I made a CD ladder at the beginning of the year but never went through with purchasing the next rung after they matured. The funds are in SGOV and SNSXX currently. Thanks for the suggestion of PAAA and PULS.
Either a High Yield Savings Account (HYSA) or Money Market Mutual Fund (MMMF). I personally use SNSXX, but there are a lot of good ones out there and with any mutual fund you should pick one provided by your broker (avoid load fees).
SNSXX - Schwab U.S. Treasury Money Fund, California state tax free. You would still pay Federal tax, but it currently yields 4.5% and is virtually risk free.
For pure cashflow generation on a $5M NLV account you may consider a "cashflow ladder" with mix of different income generating securities. For me that consists of SNSXX (or your favorite tax favorable Treasury bill MM) ARCC, SEIX, IBHE and use CC / CSPs on a small basket of stocks to "ice the cake" with rate of return. Blended I am making 6.73% Tax Equivalent Rate on the following. Core Positions: SNSXX (60%), IBHE (25%) Supplemental: ARCC (5%), SEIX (5%), CC / CSP (5%, I write on F and NVDA) On $5M a 6.73% rate nets \~$28k per month (pre-tax) and $336k / yr according to my calculator. If FOMC continues to drops rates, my plan is to rebalance a bit of the MM into JAAA.
I'm in a high income tax state so I use SNSXX. It's Schwab
What does VTIP look like for state taxes? Taxes are what has led me to SGOV and SNSXX for cash equivalent holdings.
Nobody has said mine: SNSXX - Schwab’s US Treasury MM, with no state tax. Any reason this is better or worse than the other options listed in this thread? I thought it had slightly higher yield than OP’s original options?
It's actually nice to have some money in a money market ETF, because **if** you're a buy and hold person who refuses to time the market, and **if** the broad stock market barfs 20% for a year or two (like the 2022 inflation bear market), and **if** in future you want to take some money out of your investments, you can sell some SNSXX during the market barf and not feel bad about dumping QQQ while it's down 20%. Your money market never goes down. Plus, if the market dumps 20%, SNSXX also gives you some cash to redeploy to aggressive long positions, so that you can ride the recovery up with more equity allocation than you were holding when you went down. And you should always go up with more than you went down with.
If it’s a few years, put it in a reliable mutual fund/etf. Compare the 3 year performance of SNSXX vs SPY. Barring a multiyear recession, SPY will vastly outperform.
Good point. I forgot to mention the taxes. It is the reason I go with SNSXX in my taxable rather than SWVXX like I do in tax advantaged accounts. Personally this is why I sent this route over CDs
I am with Schwab. Although I'm not sure if it makes much of a difference really who you go with. SGOV is an ETF so it can be bought at any of them. The reason everything low risk was paying the amounts it has been, was directly tied to gov bond prices. If you are okay with locking in a rate, my suggestion would be to go with a combination of CDs and SGOV. Personally I just have everything in my taxable brokerage in SGOV and SNSXX. Although having both is kind of pointless.
You missed the boat for those sort of returns for ultra low risk. If you are wanting something to replace a hysa something like SGOV, SNSXX, SWVXX( or whatever your brokerage equivalent is). I keep all my cash equivalent in a mix of SGOV and SNSXX. Other than that you might have luck with some CDs.
It’s now in SWKXX and SNSXX.
Why not switch out SNSXX to SUTXX and get little more returns?
Is a good question and there is no quick easy answer as opinions are probably mixed and broad. At the end of the day we want the best risk to reward ratio when investing our money. The best risk free rate is usually in short term treasury bills (with the benefit of no state income tax on your gains if you live in a state that has that). If you want fast access to your money, a fund based on short term treasury bills could be a good option, such as SGOV or VUSXX if you have access to it on your broker. It is possible to reasonably estimate long term returns in the stock market and avg annual return if you go out at least 10+ years. Of course with the market there is the concept of 'risk'. Estimating that return and comparing it to the current risk free rate and deciding if the additional risk is worth the additional yield is basically what we have to do. Also, hello to a fellow Discover HYSA user! The rest is a bit more complicated mumbo jumbo: I personally keep just enough to pay my bills and such and such in my HYSA and leave the rest in SNSXX in Schwab. Yes I could eek out a bit more with something like SGOV or treasury bills, but SNSXX and similar funds are absolutely zero maintenance. They even reinvest themselves, and from Schwab's perspective, are like cash in certain situations. For example, I can still sell conservative cash secured puts as long as enough funds are in SNSXX to increase my yield just a smidge if I feel like it. Not sure if this works for holding SGOV, must test it out...
Didn't know SGOV get the state tax benefit that t-bills do! Is this confirmed? And do you know if it applies also for other t-bill based funds? SNSXX, VUSXX, etc.?
SNSXX for me (state tax exempt for Cali)
Waiting for my Schwab SNSXX dividend payment, payable today. Still not showing up!
Safest would be US Treasuries TBills. Next Safest would probably be something like SNSXX which is Schwabs version of a mutual fund that basically invests in Treasuries. After that would likely be long term bank CD then Total market index funds as others have mentioned like VTI, VOO, QQQ, etc some are more concentrated in specific industries than others but all nearly the same. If you want the safest with possibly least return see the above ones (those fluctuate with banks borrowing interest rate. Want the best return and still have some security look at the total market index funds.
Agreed, 50 in a HYSA and 150 in SNSXX. If there are big rate changes I might look around but this is nice enough for the emergency fund.
Money Market Fund that holds treasuries maybe. SNSXX comes to mind.
This guy could’ve kept it in a treasury type mutual fund, I have $65k in SNSXX, and gotten a 5% yield making him $40k a year guaranteed. This kid is an absolute dumbass.
As I said, either SPLG or SWPPX is fine. The are both invested in the S&P 500 index and have the same portfolios. They have the same expense ratio, 0.02%. If you prefer an Exchange Traded Fund (ETF) then SPLG. If you prefer setting up automatic investing and buying as little as $1 at a time, then SWPPX. I, my wife, and my adult children all own SWPPX, but SPLG is fine too. To help you decide you should review the differences between mutual funds and ETFs. https://youtu.be/JUtes-k-VX4?si=GXwTwLVprvQ6x1e6 https://youtu.be/Tv4pkivGvdU?si=a0AYB9rPc6y8wsoz For HYSA, SGOV or SNSXX.
SNSXX Schwab U.S. Treasury Money Fund™ Investor Shares is currently yielding 5.01% and should be free from state income tax. Maybe a better choice for your particular situation is **SGOV** iShares® 0-3 Month Treasury Bond ETF that gives you more yield at 5.27% and is state tax free. Money market funds have essentially no risk of losing money. SGOV is slightly sensitive to interest rates and might have slight capital loss if interest rates went up, which is very unlikely. An interest cut between now and December is more likely, in which case you share price should go up. Put whatever you need for the trip into SGOV. Put the rest into the Roth IRA.
Yes, you buy SNSXX just like a stock for $ per share. SNSXX is a money market fund. The share price is kept at exactly$1 per share at all times. Since the share price is held steady there will be no capital gains or losses for taxes. It accrues dividends daily for the amount of money held for each day. The dividends are distributed monthly. It's currently paying 5% annualized rate. This will go down quickly if the Fed reduces their interest rate, but so will HYSA. The Fed is expected to lower their interest rate 1-3 times through 2024 - probably in 0.25% increments.
With SNSXX, state tax free only works for those living in high tax states, like California, and that you are a big earner. Otherwise, SWVXX is a better choice. Its not state tax free but it offers a slight higher rates. As of today, SWVXX pays 5.27% annually which SNSXX pays 5.14% annually.
So there are no fees associated with SNSXX?
I mean if you are ok with the 2-3 days that it may take to liquidate and transfer the funds I lean to SNSXX or even short term bond ETFs like SGOV , they pay 5%+ are backed by the full faith and credit of the USA government (like FDIC) and are exempt from state taxes if thats an issue
So which one is better in all over ? A random bank with HYSA with rate of 5.00 or let’s say SNSXX with the rate of 5.00? I know you can’t cash it right away for one . And other thing is that no state income tax .
I use SNSXX from Schwab - 5% and state tax free