"In contrast, SUTXX was virtually 100% (99.61%) state tax exempt."
@msf - quite some time ago you pointed that out to me, and I changed our Schwab MMKT account to SUTXX. Thanks again for that suggestion. I have no idea how I would function financially without the good suggestions from you MFO folks.
Thanks to all of you- OJ

A bit of hyperbole on my part. I don’t like cell phones. My ringer is switched off. And my iphone 12 mini has such short battery life it’s a real problem when navigating while on foot. Suppose that’s not an issue if you’re driving and can keep it charging.

Stillers: "I find nothing compelling about a 1-yr CP CD rate of 5.45% when VMRXX is paying 5.29%. On a $100K investment, the difference over the 12-months is ($5,450-$5,290 or) $160 IF the MMkt rate holds steady for the full period. That piddly difference is not a compelling difference that would cause me (at least, and I trust manty others) to lock up $100K for a year, regardless of our age................ I trust many others) notion that we won't be seeing anything near 4.70% rates in 2029 when the 5-yr CD matures."
I do not believe that MMkt rates will hold steady for the next 12 month period, and most investors can't get a MMkt paying 5.29%. Many investors prefer a more secure government MMkt fund that pays under 5%. For the past 2 months, my MMkt rates have been dropping, and I expect them to continue to drop over the next 12 months. As far what CD rates will be at the end of the next 5 year period, that is just too speculative for me to guess. When MMkt rates went to zero in 2007/2008, I doubt anyone expected them to stay at zero for the next 15 years.

@sven
Fido was wife's 401k custodian so most of her retirement money is there.
Our joint taxable account we started in 1988 at Schwab when we had an advisor for mutual funds. He used Littman-Gregory " No Load Fund Analyst" ( anybody else remember them?) so I finally decided I could do it myself with the newsletter. Then they stopped the newsletter and I didn't think it was worth a 0.7% fee on top of MF fees. Fortunately Fund Alarm was available.
While the advisors at Schwab changed frequently in the past, they have been stable the last 10 years. I can email the guy we have and he responds quickly.
I don't use them for investment advice but they are helpful with paperwork etc. I did explore their financial planning but decided I could do just as well with investments for now.
We never really connected to someone at Fido. I gave them a chance last year to demonstrate their ideas about financial planning and they kinda blew it. The rep didn't seem interested in following up and all they offered was Fido mutual funds.
I gave Vanguard a chance too, but they said they would ignore all of our existing low cost basis stocks so I though that was a no go.
I am sorta in the "paranoid" level of account security ( like Andy Grove) and I think having about a 50/50 split in brokerages is not a bad idea.
If they have good analytics, I have missed them, so I use M* and Quicken and a lot of the stuff people use here.

The high expense ratio is a barrier for us. Still think whether LCORX fits into our balanced fund sleeve. If so, we will choose the ETF version, LCR instead with a lower ER.
Edit: LCORX, ER 1.38%; LCR ER 0.86%.

@msf, when you call Fidelity, you need to speak with their Investment Solution Group to get an agent. One I talked with is knowledgeable on the incentives of moving asset to them. He stated the policy and the follow-up transfer 60 days later. Make sure you request his/her contact information. He sent an email with his phone number and extension, so you can keep track of the transfer and your incentives.
We have had accounts with Schwab but that was a long time ago. Three more weeks to go before July 1st. Good luck.
P.S. over this weekend, we will consider to transfer the remaining Vanguard mutual funds in our joint account. Since I can buy the ETF equivalents, I can continue to add. The rest i will sell in the future without incurring fees at Fidelity. Can’t exactly do that at Schwab.

Thanks to all for the information, both here and via PM. Years ago, Fidelity used to offer various tiered bonuses. Here, e.g. is its 2018 promotion:
https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/fidelity/Cash-Offer.pdf
Since then, Fidelity limited its public promotions to $1M+ transfers, and subsequently hid promotions altogether. So Fidelity fell off my radar and I hadn't considered them. I'm now encouraged to check directly with them to see what they might do.
Similarly, I've received enough of a nudge regarding Schwab's willingness to deal that I'll check with them as well. It's a solid firm, one I've used off and on for many years.
Going either way I'm still left with the question of what to do with bank cash and Treasury cash. (I still keep a modest amount of cash in a bank just in case of another liquidity freeze; the latter is to keep state income taxes down.)
I could use an internet bank for FDIC-covered cash (many still paying 5%+), and something like SGOV or USFR for liquid Treasury cash.
Finally, regarding the transfer process, I did read The Finance Buff's piece when it came out. It's a good guide in general for doing transfers even though it contains some Vanguard-specific info. Having moved assets back and forth over the years, I am familiar with the process. In fact, it's Vanguard's adding a new fee to do this that is motivating me to look around.
Again, thanks.

”I recall when Steve Jobs returned to Apple as interim CEO in late 1997.
Apple's stock price was very low at the time and Jobs brought a lot of energy to the struggling company.”
Recently spent a pleasant day wandering Central Park - but it might well have been anywhere in the country. Try and spot someone who doesn’t have a cellphone / iphone in their hand. Great for navigating an unfamiliar area along with all their other capabilities. And what really blew my mind were toddlers who could barely walk holding them in hand and staring at the screen. How ubiquitous they’ve become. I can still remember the moment Steve Jobs stood on stage and unveiled Apple’s greatest invention. Shoot - few could have imagined their eventual reach. But Jobs likely knew.

These days if you DON'T have a phone you're looked at weird. I like going into a doctor office and just staring at the wall across from me in the waiting room. I don't need my 'adult pacifier'[1] to occupy my mind, I can be comfortable in my own thoughts and/or just people-watching. Same with being outside taking a walk or just sitting under a tree.
[1] h/t to my partner for that brilliant term
As a GenX'er who embraces various types of always-on tech in his life but also remembers a time without it (and is comfortable without it) I have many thoughts on this issue, but that's for another day.....

”I recall when Steve Jobs returned to Apple as interim CEO in late 1997.
Apple's stock price was very low at the time and Jobs brought a lot of energy to the struggling company.”
Recently spent a pleasant day wandering Central Park - but it might well have been anywhere in the country. Try and spot someone who doesn’t have a cellphone / iphone in their hand. Great for navigating an unfamiliar area along with all their other capabilities. And what really blew my mind were toddlers who could barely walk holding them in hand and staring at the screen. How ubiquitous they’ve become. I can still remember the moment Steve Jobs stood on stage and unveiled Apple’s greatest invention. Shoot - few could have imagined their eventual reach. But Jobs likely knew.

@Observent1
The other interesting thing about your story is how far those now great companies fell before they turned around.
We all remember the winners like that, but nobody talks about WorldCom, Global Crossing etc. They were hot story stocks that just burned up.
[snip]

Assuming a sizable individual stock position, a 70% - 85% max drawdown would cause great anxiety!
High-flying stocks also go bust at times as sma3 has mentioned.
That's why I invest in mutual funds / ETFs instead of selecting individual stocks.
I won't hit any "home-runs" but will hopefully avoid unsettling "strike-outs."

@AndyJ, good catch. BND is down 0.7% today. The 1 yr and 3 yr treasuries will at auction on auction next week, June 6th. For those who are interested, please get your order in on Sunday night.

I use SPAXX for my core account at Fidelity because the income from it is 41.18% state tax free (in 2023). FZFXX is only 24.19%. FDRXX is also good at 40.57%. Of course, if you live in CA, Ct or NY you are out of luck since none of these meets the requirement for minimum investment in government securities.

To clarify, I fully agree that CP CD rates are compelling in relation to other FI options. I've Just Said No to bonds for the foreeseable future thanks to CP CD rates being well over my threshold to ditch bonds.
Carving into the respective CP CD rates though:
I find nothing compelling about a 1-yr CP CD rate of 5.45% when VMRXX is paying 5.29%. On a $100K investment, the difference over the 12-months is ($5,450-$5,290 or) $160 IF the MMkt rate holds steady for the full period. That piddly difference is not a compelling difference that would cause me (at least, and I trust manty others) to lock up $100K for a year, regardless of our age.
To wit, with MMkt cash this year, instead of locking it up in a ST CP CD, I made three ST stock trades (documented on this forum in real time) on GOOGL (2) and NVDA and made some whopping ST gains. Proceeds went back into MMkt.
Conversely, locking in a 5-yr CP CD rate of 4.70% IS compelling to me given my (at least, and I trust many others) notion that we won't be seeing anything near 4.70% rates in 2029 when the 5-yr CD matures. The same notion applies to a 3-yr CP CD rate of 4.90%.

With 6/24/21 inception, the new kid on the block MCTOX / MCTDX is just hitting some 3-yr screens; both classes have the same ER. It did avoid hits in 2022. Its prospectus mentions day-trading and long-short strategies in ETFs, CEFs, stocks, so turnover is crazy high. Website features availability on Fido and Schwab, but both classes are TF at Fido, NTF at Schwab.

4. Here come the biggest advantage for Schwab. I trade only mutual funds and preferably Inst shares. Schwab waves the $49.95 fee while at Fidelity I hardly ever got that. 4 switches annually for 5 accounts is a $1000.

Is this a standard policy on buying Transaction Fee funds at Schwab written somewhere ? Please share. Thank you.

I’m a subscriber and dug up the online article.
Lewis apparently interviewed Michael Lowenberg who heads MCDTX. Lewis’s is a worthy endeavor. He’s looking at funds that zig when most of the markets zag - in short … diversifiers.
While I summarized MCTOX, MCDTX looks very similar. It carries the same 1.92% ER and also receives a Negative rating at M.* M* (like Lewis Braham) notes that MCTDX has had an impressive short-term run, but M* casts doubt on whether that can be replicated going forward.
I cringe at mentioning MCDTX and LCORX in the same breath. The differences are too numerous to cite. But think of LCORX as a well seasoned and conservative grown-up riding a well maintained high quality bicycle at a safe speed. And think of MCDTX as the new kid on the block careening past on a skateboard.

The coming 1 for 10 stock split will likely push up its stock price. Got enough of it in my index funds.

It was not an easy decision for us on Vanguard after being investors for over 30 years. The company has changed…
As I mentioned on this board, we initiated to move all tax-deferred accounts out to Fidelity. The transfer was completed with 5 days through ACAT, and the cost base information arrived several days later. As of yesterday, we transfer half of our joint account to Fidelity. We decide to keep the other half at Vanguard for the same reasons @msf mentioned above.
I can confirm that Fidelity offers $1,000 per $1M asset transfer to Fidelity after 60 days. They assigned an agent directly to oversee the transfer. The process is straightforward but it is nice touch to have a history with a specific person. And that is something Vanguard lacks. Additionally, we were contact from Fidelity’s financial consultant immediately to offer their service. I hesitated until we are ready to engage with them.
By the way, we have Vanguard managed part of our asset through their Advisory Select service (minimum $500k) as part of an experiment in case I pass away before my wife. We ended that relationships immediately when we decided to move on from Vanguard.

@Observent1
The other interesting thing about your story is how far those now great companies fell before they turned around.
We all remember the winners like that, but nobody talks about WorldCom, Global Crossing etc. They were hot story stocks that just burned up.
AI may revolutionize everything but when will it make people money? Unless you have some information not available publicly, it is impossible to tell when everyone has bought their fill of AI chips.

For me.
1. MM is a small problem. I sell a fund and buy a MM and Schwab pays more.
2. Schwab pays the monthly distribution on the same day while Fidelity is late by 1-2 days.
3. Schwab online is more intuitive.
4. Here come the biggest advantage for Schwab. I trade only mutual funds and preferably Inst shares. Schwab waves the $49.95 fee while at Fidelity I hardly ever got that. 4 switches annually for 5 accounts is a $1000.
5. This is the most annoying at Fidelity. My trade goes like this. I sell all the shares and buy the new position on the same day and most of the money is in IRA. I trade bond fund.
Suppose I sold PIMIX worth 1 million. Fidelity would not allow you to buy another fund online, you must call a rep. They would only allow you to buy 90%=$900K, even if you sold a bond fund. Sometimes I have to argue with rookie reps who say you can't do it.
The above means that in 20 trades if I miss just 0.1% or more equals to another $1-3K annually.
At Schwab I sell one fund at 1 Mill and buy another at $995 online, no rep or wasting time is needed because these funds hardly move.
5. Schwab is a real bank, Fidelity isn't.
6. Schwab will match any cash rewards on bringing in money, even on smaller amounts Fidelity doesn't, all you do ask your branch rep.
7. I get constant calls from Fidelity reps to "help" me which I don
need, I never got a call from Schwab.
8. Schwab has more new funds I like. I also brought 2 funds I like into Schwab by calling in, could never do it at Fidelity.
9. I have a Fidelity account over 25 years and Schwab over 20 years.
10. In the last several years Schwab rep knowledge went down a bit, Fidelity much more.