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Now Vanguard Wants to Be Americans’ Go-To for High-Yield Savings Accounts

In Business
January 09, 2024

Vanguard, a household name in the fund industry, now wants to be investors’ go-to for cash savings. And it hopes to achieve that by offering attractive yields on an asset class that is getting a lot more attention from investors.

On Monday, the company began making its Cash Plus Account, a high-yield savings product, available to non-Vanguard customers. Previously, Vanguard offered the cash account only to investors who had a brokerage or retirement account with the company. Cash Plus Account had a 4.70% annual percentage…

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