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What’s the point of traditional bank accounts when I can just open a brokerage account and use my core position as cash?
What’s the point of traditional bank accounts when I can just open a brokerage account and use my core position as cash? Just opened a brokerage account with fidelity. The core position is a government money market fund with 3-5% yield. I can have my salary deposited into it and also get debit card for the account like a normal bank account or use it to pay credit card. What’s the point of still having a traditional bank savings account? FDIC insurance is the firs...
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