Money market vs HYSA
Is a money market account better than a HYSA? $1,915
Using a $50,000 example, 0.57% APY earns $285 per year while 4.40% earns $2,200.
Bottom line
Money market vs HYSA is worth fixing when the cash is not needed for daily bills.
Keep enough in checking for near-term transactions, then move surplus cash into a liquid, insured account or a deliberate cash ladder.
Next calculation
Taxes can change the HYSA vs T-bill winner.
If the cash is taxable and your state income tax rate is meaningful, compare after-tax yields before deciding between HYSA and Treasury bills.