VUSXX 3.64% SEC yield > SPAXX 3.31% SEC yieldPer other BH thread, proceeds from sale of VUSXX in JP Morgan brokerage linked to Chase checking are usually available the same day, if sold on a business day.
What am I missing?
I think a lot of this comes down to what somebody considers a checking "account" versus a savings "brokerage". Its true SPAXX, as used in a CMA pays way more than Chase checking, however, that is only a partial analysis. You also have to consider how much you are losing on the savings "brokerage" side.
For example, if I keep $5K in a Chase Checking (0%) and $100K in VUSX in a JPMorgan using the yields above my annual interest is $3475 for Fido but $3640 for Chase/JPM. And the difference grows with the amounts.
So if you use a CMA you are really using a savings "brokerage" with some checking features around the edges and then you might still find you want a B/M checking account after all. Lots of good alternatives out there, I just think we get a little myopic only looking at SPAXX in comparison with 0% checking account.
Statistics: Posted by guppyguy — Fri Feb 13, 2026 3:36 pm — Replies 8315 — Views 1907601