Why do Money Market Funds Suck?
 

Hello,

Why do FDIC insured online savings accounts offer rates several times higher than Vanguard Money Market funds? It would be nice to keep my emergency cash with Vanguard, but the interest rates are pitiful (.4% vs 2%+).

Please help

I didn't find the right solution from the internet.

References:
https://www.bogleheads.org/forum/viewtopic.php?t=37945
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Thank you