I'm in the 35% tax bracket. Looking to save money away in the short term (<10 years) for a down payment on a house. I have around $35,000 to stash. Currently it's been sitting in a very low interest savings account in my bank.
I was going to move it to my Vanguard tax-exempt money market account (VMSXX) which is at 1.63%, which is a tax equivalent yield of 2.5% (if I'm calculating that right). They do have an ER of 0.15% though.
A high yield savings account with Ally is at 2.2%. Any reason why I would want to go with Ally instead of VMSXX?
Submitted February 21, 2019 at 01:41PM by Level_Weight https://ift.tt/2Nkxk2V
