I've searched the Vanguard website and used the Google but have not been able to answer the question - is there a minimum balance for a Vanguard MMF?
My daughter is looking for a short-term savings vehicle for a down payment on a house. We're looking at either VMFXX or VUSXX. She does not currently have a Vanguard brokerage account.
I know there is a $3,000 minimum initial investment to open the account, but I'm wondering what happens when my daughter buys the house and pulls the majority of the money out of the account such that the balance drops below $3,000?
My daughter is looking for a short-term savings vehicle for a down payment on a house. We're looking at either VMFXX or VUSXX. She does not currently have a Vanguard brokerage account.
I know there is a $3,000 minimum initial investment to open the account, but I'm wondering what happens when my daughter buys the house and pulls the majority of the money out of the account such that the balance drops below $3,000?
Statistics: Posted by Michael Patrick — Mon Dec 02, 2024 9:01 am — Replies 0 — Views 26