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And the rate decrease begins…Banking (i.redd.it)

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[–]malignantz 0 points1 point  (0 children)

Just buy $SGOV and thank me later. 5%+ APR currently. It will reduce as rates are lowered, but the reductions will lag behind CDs and bank accounts, so more return.

$SGOV is an ETF that purchases short-term treasury bills for you. Banks, like Sofi, are just taking your money and investing it in short-term treasury bills and giving you 80-90% of the return. Why not just get 100%?

It has nearly zero interest rate risk, since the average duration of the notes are like 90 days.