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Personal Finance (Not Investing) • Schwab requirements for ultra shares money funds

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Anyone know what happens if I make a purchase of SNAXX (meeting the minimum initial investment) of $1M, and subsequently (say a week or month later) sell $900k which I then use to purchase other securities inside my Schwab account? Will I continue to earn the higher SNAXX yield on the remaining $100k, or will I be downgraded / moved into SWVXX with its lower rate? Same question for SWOXX / SWTXX.
I have just over $1M total in my account. Thanks for any shared experiences.
cb

Statistics: Posted by cashbogey — Thu Jul 25, 2024 12:13 am — Replies 1 — Views 214



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