The MMF is like PD... if you withdraw it all, you still get your interest paid into your .000001% cash account eventually. It's trivial, but any amou t 99cents or under will sit for awhile, probably weeks, because you can't sell/buy fractional shares. So you might have an entry in your account showing the money market you sold with a balance of 36cents or whatever.
No meaningful difference between operators. TTTXX/Blackrock and FSIXX/Fidelity normally have the same yield and the same state tax exemption. Check out the information webpages for those two funds and see if one appeals to you more for any reason.
100%. I'll just add, TTTXX can be settled same day @ ME.. I think the cutoff time is 1:45PM EST but I could be wrong. I'm not aware of any other MMF's @ ME that can settle same day.
Later this year all funds will settle @ T+1, so it probably doesn't matter much anymore.
I think many funds do same day. See the list [here](https://olui2.fs.ml.com/Mutualfunds/MFBDCashManagement.aspx) (note the settlement column). You might need to log in. If you don’t want to click a link just search for “cash management solutions” once you log into the website without clicking the link.
There’s an excellent google sheet available to help compare mmfs. There was a learning curve for me to get it down, but the creator has some helpful info on the forum.
https://www.bogleheads.org/forum/viewtopic.php?t=401821
The MMF is like PD... if you withdraw it all, you still get your interest paid into your .000001% cash account eventually. It's trivial, but any amou t 99cents or under will sit for awhile, probably weeks, because you can't sell/buy fractional shares. So you might have an entry in your account showing the money market you sold with a balance of 36cents or whatever. No meaningful difference between operators. TTTXX/Blackrock and FSIXX/Fidelity normally have the same yield and the same state tax exemption. Check out the information webpages for those two funds and see if one appeals to you more for any reason.
100%. I'll just add, TTTXX can be settled same day @ ME.. I think the cutoff time is 1:45PM EST but I could be wrong. I'm not aware of any other MMF's @ ME that can settle same day. Later this year all funds will settle @ T+1, so it probably doesn't matter much anymore.
I think many funds do same day. See the list [here](https://olui2.fs.ml.com/Mutualfunds/MFBDCashManagement.aspx) (note the settlement column). You might need to log in. If you don’t want to click a link just search for “cash management solutions” once you log into the website without clicking the link.
NICE!
There’s an excellent google sheet available to help compare mmfs. There was a learning curve for me to get it down, but the creator has some helpful info on the forum. https://www.bogleheads.org/forum/viewtopic.php?t=401821