HYSA are great but even better are buying money market funds or tbills.
Money market funds restrictions are they can be bought/sold during market hours and tbills have a specified lock up period, like a month or more. Both can be bought from your broker, it’s intimidating but actually quite simple.
For example buying money market vusxx fund today is giving an equivalent 6.25% apy for high tax earners in California - this is because much of it is tax exempt whereas hysa is not.
Money market funds restrictions are they can be bought/sold during market hours and tbills have a specified lock up period, like a month or more. Both can be bought from your broker, it’s intimidating but actually quite simple.
For example buying money market vusxx fund today is giving an equivalent 6.25% apy for high tax earners in California - this is because much of it is tax exempt whereas hysa is not.
This google sheet has all of the current rates and is useful: https://docs.google.com/spreadsheets/d/1v3fn3sZRvkSgqb-RnN2g...