Do I lose interest transferring from one savings account to another?
I want to transfer some money from SoFi savings (4.3%) to Vanguard (5%). I’m guessing the transfer will take a week. During that week, will my money not accrue any interest? 350
New
198476 Jun 17, 2023Why would the transfer be that slow, is that a sofi thing? In my experience Vanguard will allow you to purchase the shares before the money is actually done moving
BlackRock dRjm88 Jun 17, 2023
No interest for transit money
Deloitte ptoptopto Jun 17, 2023
Vanguard has 5% ? Is this their HYSA?
Missing a week’s worth of interest is worth the 70 bps rate increase. Make up the difference In approximately 6-7 weeks. The only downside is you are going from FDIC insured holding to what I assume is a vanguard money market.