Subject: Re: Bonds
“Schwab too has terrible sweep accounts on which they earn huge margins. I am forced to use SWVXX and do many trades to earn a market yield on cash.”

Fidelity sweeps into SPAXX. We left Schwab - where we never asked to be anyway - and went to Fidelity partly for this reason. Schwab was paying 0.0-something % in the sweep account.

Aren’t there tax advantages to holding VBIL or similar? Or do you have to hold the Bills directly, as Ray suggests? Seems like a lot of work.