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Basically its not a savings or checking account,its like a trading account just money sits in webull cash management and earns interest.
If you need money you need to withdraw to your other bank account.
You might already know about webull but giving my 1cent info.
https://www.webull.com/cash-management
If you need money you need to withdraw to your other bank account.
You might already know about webull but giving my 1cent info.
https://www.webull.com/cash-management
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Basically its not a savings or checking account,its like a trading account just money sits in webull cash management and earns interest.
If you need money you need to withdraw to your other bank account.
You might already know about webull but giving my 1cent info.
https://www.webull.com/cash-management
If you need money you need to withdraw to your other bank account.
You might already know about webull but giving my 1cent info.
https://www.webull.com/cash-management
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39 Comments
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If you buy thro any broker state tax applies…
Correct me if I'm wrong…
https://investor.vangua
If you buy thro any broker state tax applies…
Correct me if I'm wrong…
Its peoples interest what they want for piece of mind
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If you buy thro any broker state tax applies…
Correct me if I'm wrong…
Treasury Bill interest is state tax-exempt whether you buy it from a brokerage, either at auction or on the secondary market, the same as if it is purchased at auction at Treasury Direct.
It could get a bit more complicated if you sell the bill before maturity, with part of the difference in price being considered interest and the rest a short-term capital gain or loss. A capital gain or loss would not be state-tax exempt.
Its peoples interest what they want for piece of mind
You can also buy large amounts on the secondary market. The Treasury can ask for more information if you try to buy a large amount of a single bond. For example, they requested more information [treasurydirect.gov] about everyone that owned $5.2 billion or more of the February 2024 note last year.
I agree that the debt ceiling can create a default risk with any Treasury investment. Note that other cash investments also have risks. For example, the FDIC holds most of its investments in Treasuries. It is very difficult to compare these risks, so I won't attempt to do so here.
Different brokerages may have different bid prices, so you may be able to get a better price when selling at one brokerage than others. Not all brokerages may support secondary market trades, but you should be able to transfer your bills to one that does.
If held at TreasuryDirect, it can be difficult to sell before maturity, since it would first need to be transferred to a brokerage, which can be onerous.
Its peoples interest what they want for piece of mind
If you buy 26 weeks, it will be half of the difference, or 13 weeks will be 1/4 of that and so on..
https://investor.vangua
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This is why I love SD. Thanks for this. I already have a Vanguard account and never knew about this. Do you know how much this is insured for by fdic (or spic)? 250k single and 500k joint? Is it for the whole account?
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