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user12363
user12363
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I have $50k+ in my personal (taxable) and $50k+ in my retirement accounts. If I am conservative - I use a CapitalOne360 savings account (that in Sep 2016 yields 0.75%).

For my cash in IRA (traditional and Roth) and also in my brokerage (e.g., Fidelity), how can I achieve a similar product (that has a fixed interest) and can not "break the buck". I would want Brokerage supplied CD or some "savings account" that would yield 50% of my saving account (so let's say 0.43%; I am willing to lose some profit in exchange for product for "busy parent") and have no downside risk. I don't have time to wait for CD offers and manage CDs bought on the 'brokerage CD market'. Why a broker can't provide a product like an online savings account?

(Is it because banks need basic capital and are willing to pay premium rates for that and brokerage is not that desperate for people's money?)

(Also, I don't want a bond fund; I think bond funds can go down - and I want a product that would never lose money (like a bank savings account).)

also current money market funds (e.g., FDRXX) yield now where near 0.75%. More like 0.05% !! :-(

I have $50k+ in my personal (taxable) and $50k+ in my retirement accounts. If I am conservative - I use a CapitalOne360 savings account (that in Sep 2016 yields 0.75%).

For my cash in IRA (traditional and Roth) and also in my brokerage (e.g., Fidelity), how can I achieve a similar product (that has a fixed interest) and can not "break the buck". I would want Brokerage supplied CD or some "savings account" that would yield 50% of my saving account (so let's say 0.43%; I am willing to lose some profit in exchange for product for "busy parent") and have no downside risk. I don't have time to wait for CD offers and manage CDs bought on the 'brokerage CD market'. Why a broker can't provide a product like an online savings account?

(Is it because banks need basic capital and are willing to pay premium rates for that and brokerage is not that desperate for people's money?)

(Also, I don't want a bond fund; I think bond funds can go down - and I want a product that would never lose money (like a bank savings account).)

I have $50k+ in my personal (taxable) and $50k+ in my retirement accounts. If I am conservative - I use a CapitalOne360 savings account (that in Sep 2016 yields 0.75%).

For my cash in IRA (traditional and Roth) and also in my brokerage (e.g., Fidelity), how can I achieve a similar product (that has a fixed interest) and can not "break the buck". I would want Brokerage supplied CD or some "savings account" that would yield 50% of my saving account (so let's say 0.43%; I am willing to lose some profit in exchange for product for "busy parent") and have no downside risk. I don't have time to wait for CD offers and manage CDs bought on the 'brokerage CD market'. Why a broker can't provide a product like an online savings account?

(Is it because banks need basic capital and are willing to pay premium rates for that and brokerage is not that desperate for people's money?)

(Also, I don't want a bond fund; I think bond funds can go down - and I want a product that would never lose money (like a bank savings account).)

also current money market funds (e.g., FDRXX) yield now where near 0.75%. More like 0.05% !! :-(

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Brythan
Brythan
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To park cash and have no risk of loosinglosing principal, how can I achieve in my IRA or brokerage a counterpart of a bank-like savings account?

I have $50k+ in my personal (taxable) and $50k+ in my retirement accounts. If I am conservative - I use a CapitalOne360 savings account (that in Sep 2016 yields 0.75%).

For my cash in IRA (traditional and rothRoth) and also in my brokerage (e.g., Fidelity), how can I achieve a similar product (that has a fixed interest) and can not "break the buck". I would want Brokerage supplied CD or some "savings account" that would yield 50% of my saving account (so let's say 0.43%; I am willing to looselose some profit in echxangeexchange for product for "busy parent") and have no downside risk. I don't have time to wait for CD offers and manage CDs bought on the 'brokerage CD market'. Why a broker can't provide a product like a an online savings account?

(isIs it because banks need basic capital and are willing to pay premium rates for that and brokerage is not that desperate for people's money?)

(alsoAlso, I don't want a bond fund; I think bond funds can go down - and I want a product that would never looselose money (like a bank savings account).)

To park cash and have no risk of loosing principal, how can I achieve in my IRA or brokerage a counterpart of a bank-like savings account?

I have $50k+ in my personal (taxable) and $50k+ in my retirement accounts. If I am conservative - I use a CapitalOne360 savings account (that in Sep 2016 yields 0.75%).

For my cash in IRA (traditional and roth) and also in my brokerage (e.g., Fidelity), how can I achieve a similar product (that has a fixed interest) and can not "break the buck". I would want Brokerage supplied CD or some "savings account" that would yield 50% of my saving account (so let's say 0.43%; I am willing to loose some profit in echxange for product for "busy parent") and have no downside risk. I don't have time to wait for CD offers and manage CDs bought on the 'brokerage CD market'. Why a broker can't provide a product like a an online savings account?

(is it because banks need basic capital and are willing to pay premium rates for that and brokerage is not that desperate for people's money?)

(also, I don't want a bond fund; I think bond funds can go down - and I want a product that would never loose money (like a bank savings account))

To park cash and have no risk of losing principal, how can I achieve in my IRA or brokerage a counterpart of a bank-like savings account?

I have $50k+ in my personal (taxable) and $50k+ in my retirement accounts. If I am conservative - I use a CapitalOne360 savings account (that in Sep 2016 yields 0.75%).

For my cash in IRA (traditional and Roth) and also in my brokerage (e.g., Fidelity), how can I achieve a similar product (that has a fixed interest) and can not "break the buck". I would want Brokerage supplied CD or some "savings account" that would yield 50% of my saving account (so let's say 0.43%; I am willing to lose some profit in exchange for product for "busy parent") and have no downside risk. I don't have time to wait for CD offers and manage CDs bought on the 'brokerage CD market'. Why a broker can't provide a product like an online savings account?

(Is it because banks need basic capital and are willing to pay premium rates for that and brokerage is not that desperate for people's money?)

(Also, I don't want a bond fund; I think bond funds can go down - and I want a product that would never lose money (like a bank savings account).)

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user12363
user12363
  • 171
  • 4

To park cash and have no risk of loosing principal, how can I achieve in my IRA or brokerage a counterpart of a bank-like savings account?

I have $50k+ in my personal (taxable) and $50k+ in my retirement accounts. If I am conservative - I use a CapitalOne360 savings account (that in Sep 2016 yields 0.75%).

For my cash in IRA (traditional and roth) and also in my brokerage (e.g., Fidelity), how can I achieve a similar product (that has a fixed interest) and can not "break the buck". I would want Brokerage supplied CD or some "savings account" that would yield 50% of my saving account (so let's say 0.43%; I am willing to loose some profit in echxange for product for "busy parent") and have no downside risk. I don't have time to wait for CD offers and manage CDs bought on the 'brokerage CD market'. Why a broker can't provide a product like a an online savings account?

(is it because banks need basic capital and are willing to pay premium rates for that and brokerage is not that desperate for people's money?)

(also, I don't want a bond fund; I think bond funds can go down - and I want a product that would never loose money (like a bank savings account))