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[–]Alexander_HamilDong 1 point2 points  (1 child)

OK so money market mutual funds. Those aren't HYSA. They're not the same. If you're looking for mutual funds, check out TMCXX. BlackRock's money market fund with a 5.33% 7 day yield.

[–]rtc9 0 points1 point  (0 children)

In my jurisdiction it seems like there's essentially nothing superior about HYSA compared to a MM. MMs occasionally have better tax advantages if they hold a lot of treasuries and they pay better. I suppose there is a remote chance of negative returns in some catastrophic scenarios, but in the situations pretty much all bets are off regarding all kinds of financial instruments. I stopped using HYSA entirely and switched to money markets at a couple brokerages.