Comment by iav

Not to overcomplicate things, but anyone planning to save money for >12 months should be using the BOXX ETF (https://etfsite.alphaarchitect.com/boxx/) to convert the interest income into a long-term capital gain. Even if you end up cashing out before the 12 months, you are still going to pay the same taxes as with a savings account, so there is truly no downside.