Got some stuff I'm not comfortable keeping in the market right now, but don't want it sitting around at a brokerage account.
Morgan Stanley has a 2.1% APY savings account by it requires you to ask account managers for any withdrawals...
Alternatively Charles Schwab has bad savings accounts, but you can buy short term CDs for that 2+% with FDIC protection for each bank. This can be done on their trading platform.
Are high yield savings account bullshit? Or is this fairly normal? Why is Morgan Stanley seemingly the only big bank I see doing it?
Submitted September 09, 2022 at 01:00AM by Valvador https://ift.tt/02sJZRo
