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Yeah Call Protected   found out the same thing happen to my friends as well. Goldman Sachs is better than JP Morgan.

Average CDs are around 4.25 - 4.35% at the moment, so the Money Market Funds would be 4%. There are many money market funds and SPAXX is one of the popular one.  It's always lower than CDs since it pays monthly that bases on whatever interest on that month. The reason I want to reserve the cash so I can jump in stock at anytime where I don't have to wait for maturity date. There are a few Money Market Funds that doesn't need to pay tax but the minimum requirement is 1 million  but the interest is lower like 3.5%. I did the estimate the no tax interest is really gain less so it's not good, assume tax is at 20%. I really can't figure out what the benefit with no tax, will have to look it again later.

To gain 3k with 150k balance account for one time offer may not benefit much unless there are other benefits. Since interest is high with Money Market Funds at the moment, 150k would gain better at 6k/year with 4% interest. When you have a lot of cash, they usually call to offer services   so the reality is they 're not nice but eager wants to get commission to manage your cash for you. There are two options that you can look at: 1) If you need cash anytime, then keep the cash in the bank. 2) Buy SPAXX to earn more, however; you need to set sell before stock market end then you can get cash out next day.

They deliberately "drag out" inactive cases to defeat other parties and pretend to prolong the legal process to maximize the fees-what an unethical tactic! Definitely! I observed that Goldman Sachs's CD rates are always higher than JP Chase's.

Yes, that's one reason I chose CDs over MMFs, as the interest rate is locked in that timeframe. Oh, I got it; SPAXX is a money market fund. Bro! In the 35% tax bracket, assuming no-tax interest at 3.5% and 4.5% with taxes for a balance of $1 million, the one with no-tax gains more money. Would you provide me with the names of the banks that offer money market fund interest at no-tax? I need to study them more. 

Thanks for your advice. I need cash for my business expenses at the moment. If I am not mistaken, SPAXX may not be suitable for my situation, as interest rates frequently change based on competitive and economic trends; the yield is lower than CDs. Do you know the compensation procedures between FDIC-insured and SIPC?  

Wishing you and your loved ones a delightful weekend.