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Vanguard is now several months into beta plan to offer head-turning, high FDIC-insured yields and capacity after 2019 scrapping left it flat-footed against Schwab and Fidelity

The Malvern, Pa., giant copied a new business model -- and co-opted many regional partner banks -- to go 2%-plus as part of a rethink of its 2019 decision to forsake bank cash accounts for money market funds.

Author Oisin Breen
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The Bank of Baroda is a source of high-yielding cash for Vanguard Group's new cash products in pilot.

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Mentioned in this article:

MaxMyInterest
Tech: Other
Top Executive: Gary Zimmerman

StoneCastle
Asset Manager for RIAs
Top Executive: Dan Farrell




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