Do you really have to wait a day for VUSXX sale to settle in JP Morgan brokerage before transferring cash to Chase checking? I am considering opening Chase checking and was hoping VUSXX proceeds could be transferred immediately, if sold until a certain cutoff time during the day. Normally, I don't need such urgency but an emergency might come up - once my friend needed cash the same day to get her towed car back.If that's the case, I'd still see if they are comfortable opening a self-directed account online and buying VUSXX. They'll go from 0.01% interest to 4.26%. if they don't want to wait a day for the money market to settle or are uncomfortable with a money market fund, JP Morgan premium deposit pays 3.6%, is FDIC insured, and is accessible same-day.
Statistics: Posted by SU-1977 — Mon Feb 09, 2026 2:22 pm — Replies 22 — Views 6730