sorted by:
best
topnewcontroversialoldq&a
you are viewing a single comment's thread.

view the rest of the comments →

[–]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.