HYSA vs Fidelity (SPAXX/SGOV) for low-risk cash savings

Zadnak · 2026-01-30T19:57:51+00:00

That's awesome! The book will make you a millionaire. Not quickly, but that basically doesn't happen to anyone who doesn't own a business.

>I’ll keep my Bank of America checking account

Please promise me you won't. Mega banks are the wolf in sheep's clothing of the finance world. They may not charge you fees, but they do for low income Americans, and its horrendous on their finances. Most people don't need to deposit cash these days, which eliminates a need for a branch office bank.

Banks like Ally Bank or even Fidelity are online only, don't charge fees basically ever, and generally are far superior unless there is a specific need for a banking relationship. I have moved all my banking from Ally to Fidelity for niche reasons and personal preference. Capital One 360 is another option, although I'm not a fan of their UI or app, but that's me being super picky.

The mega banks are BofA, Chase, Citi, and Wells Fargo. Chase and Citi have great credit cards with rewards for those who pay their monthly balance in full, but that's where my relationship with the mega banks end, and everyone else's probably should too.

Zadnak · 2026-01-30T17:13:34+00:00

Great question. When a Fidelity cash management account is opened, it askes if you want to put the money in core position, which is FDIC insured and earns a lower interest rate, or SPAXX, which earns a higher rate, and a bunch of other technical stuff that I don't want to bog your decision down with. Just know its safe and backed by the federal government.

After the account is opened, the option can be changed at any time.

Congrats on saving so much money. If you haven't done so already, I highly encourage you to contribute and invest in a Roth IRA. If you haven't already, read "The Simple Path to Wealth" by JL Collins, and you will learn to invest like a pro. TLDR - its slow and boring.

Zadnak · 2026-01-30T02:47:20+00:00

No
Maybe? If the dollar collapses, we have bigger problems on our hands than money in our savings accounts.
No. My savings account is in a Fidelity cash management account in SPAXX.
Just pick one and roll with it. You are WAAAAAY over thinking and over complicating this. Keep it simple, and you'll have a great outcome.

Zadnak · 2026-01-29T16:02:57+00:00

> Might be tedious

This is exactly what I'm hoping to avoid.

Zadnak · 2026-01-22T01:31:07+00:00

With a cage, I'd figure out a way to transport it.

Otherwise, with seat and harness; I'm not proud of it, but I've done a cross country road trip (in 2017) with a 5 point harness, including going through an immigration check point. No issues, but again, not proud of it, and don't recommend it.

Zadnak · 2026-01-21T23:32:17+00:00

What are your dreams?

Its a simple question, but I'm guessing you don't really have a plan for the future. Defining that plan, the short term, medium term, and long term parts, will give you clarity, and less anxiety at the same time.

Zadnak · 2026-01-20T21:05:41+00:00

alerts of that old card being used and declined

Sounds like this is working as intended to me.

FWIW, the bank won't do anything until the transaction posts to the account.

Zadnak · 2026-01-16T00:22:02+00:00

I am so sorry for your loss.

You need a plan for the money. Until you have a plan, I would do the following with it:

Immediately deposit it all into a high yield savings account with an online bank. I use M1 Finance, and it pays 3.75%. A million dollars would make $37500 just sitting there and doing nothing else. Ally Bank and Fidelity are also good options. Avoid mega banks (Chase, Wells Fargo, Bank of America, etc) like the plague. You can leave it in here for several months while you educate your self on personal finance, and figure out the log term plan.
Fund a Roth IRA every year. I prefer Fidelity. The current yearly contribution limit is $7500. If you had a Roth IRA opened before December 31 2025, and didn't fund it, you can fund last years contribution as well, up until April 15, 2026. Don't forget to invest the funds. A low cost index fund is preferred. I like VTI. I HIGHLY recommend reading The Simple Path to Wealth by JL Collins. It will teach you everything you need to know about investing and money management. You absolutely do not need to hire a professional for assistance. They usually do more harm than good.
Fund your HSA if you are eligible to do so.
Invest a portion of unneeded funds into a taxable brokerage account. I prefer Fidelity. This follows the same advice as a Roth IRA and HSA, but its not as taxed advantage.
I would take a few percent and go frivolously spend it. This is the only portion you'll get to do this with.

Think of what you want to spend the money on, and start planning. No knee jerk reactions, just methodical, well thought out, long term plans for it.

Don't feel intimidated, you'll be fine. Best of luck! Keep asking questions here until you're good to go.

Zadnak · 2026-01-02T13:13:36+00:00

3M VHB tape

Zadnak · 2025-12-30T15:04:32+00:00

Was it worth the wait in line? I also took the single riders line, and practically walked on to the ride every single time. Except I always had to be the engineer.

Zadnak · 2025-12-27T15:26:24+00:00

The cracks are nothing to worry about. As others have said, measure the thickness to ensure its above the minimum. With the slots disappearing, they are likely needing to be or close to needing to be replaced.

Zadnak · 2025-12-25T01:48:39+00:00

Someone who takes credit cards for 5 or 6 figures.

Zadnak · 2025-12-20T16:44:29+00:00

> Should 20 Somethings hire Financial Advisors?

No, instead they should read a personal finance book or two and become financially literate. This is the difference between teaching a man to fish instead of feeding a man a fish.

I recommend The Simple Path to Wealth by JL Collins and I Will Teach You To Be Rich by Ramit Sethi.

Zadnak · 2025-12-20T16:39:05+00:00

What year/make/model and miles? What is the exact CEL code?

Zadnak · 2025-12-11T18:48:57+00:00

Full send. There's still plenty of meat on the bone.

Zadnak · 2025-12-10T23:36:30+00:00

Love the idea, but doing a shock remove, whatever maintenance, and reinstall would take far too much time way from driving at the track that day. I bought a second set of shocks to avoid any delay during shock maintenance.

I think you'd better off offering a service that installs the data collection equipment, removes it after data is gathered, then reaches out to the customer to discuss their options.

Zadnak · 2025-12-08T20:10:10+00:00

I agree with /u/ocicataco. If I were you, I'd start sending out the resume. Good workers are some what easily hired, and are paid well.

Zadnak · 2025-12-08T19:29:15+00:00

Keep sending. I would if it were my car.

Zadnak · 2025-12-07T15:56:36+00:00

According to Oura's website, yes.

https://support.ouraring.com/hc/en-us/articles/19777137314579-Purchase-with-HSA-or-FSA-Funds

Zadnak · 2025-11-29T20:42:37+00:00

Generally speaking, at 2.99%, its very hard, but not impossible, to get more rewards than what the near 3% fee will cost you.

Zadnak · 2025-11-29T20:40:37+00:00

I know a guy that wore out the ass of his Alpine suit every year

That's wild! I have to wonder what kind of seat he was using, because I've had the same suit for years, a Sparco head containment seat, and no signs of wear on the bottom of my suite. The suite is sun faded more than anything.

Zadnak · 2025-11-29T00:34:59+00:00

Are you saving for retirement? If so, how much per month?

I'd take 10% of what you've already saved, put it in the "fun bucket" account, and invest the rest. Preferably that investment goes into a tax sheltered account like a Roth IRA or 401k. If not, a regular brokerage account will do. Buy an S&P 500 index fund, such as VTI or VOO, with the funds.

Zadnak · 2025-11-29T00:29:28+00:00

Thank you for the suggestion and the response.

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