Speaking of CDs, a few minutes ago I bought a 50k/1 year Santander Bank CD at Schwab: 5.25%.

You done good. Congratulations.

"I just walked past a First Republic branch (no lines outside, seemed sedate inside). The window had a sign for a 60 day 4.25%"
@msf- That is indeed very unusual for First Republic. Normally their CD offerings to bank customers is paltry... typically several points lower than available at Schwab, just across the street on West Portal Avenue. We use First Republic for checking, but I wouldn't be interested in much else there right now. In fact, I've scheduled transfers to Schwab and Chase to draw down the First Republic checking account, at least for the time being.
Speaking of CDs, a few minutes ago I bought a 50k/1 year Santander Bank CD at Schwab: 5.25%.

+1.

Retail-prime SWVXX may have gates or redemption fees without much notice. That may be a problem for check writing and other essential payments. SNSXX is a government/Treasury money-market fund with much lower probability for that.

Arguably zero probability w/o significant (technically "appropriate") notice. Government MMFs have to opt in to gating. If they don't opt in initially, they first have to give notice of opting in before they even begin the gating process.

As a government money market fund, the fund’s Board of Trustees (the Board) has determined not to subject the fund to a liquidity fee and/or a redemption gate on fund redemptions. Please note that the Board has reserved its ability to change this determination with respect to liquidity fees and/or redemption gates, but only after providing appropriate prior notice to shareholders.

Summary Prospectus
Curiously, SNSXX (pure treasury) is yielding a few basis points more than SNOXX (treasuries and repurchase agreements backed by treasuries). We'll see how they compare tomorrow.
https://www.schwab.com/money-market-funds#bcn-table--table-content-89811
I'll stick with Vanguard. VUSXX 4.56% 7 day yield.
https://investor.vanguard.com/investment-products/mutual-funds/profile/vusxx
Regarding CDs - I just walked past a First Republic branch (no lines outside, seemed sedate inside). The window had a sign for a 60 day 4.25% CD. Any takers?

I bought some SCHW at 51+ this morning. I had considered it on Friday but decided to see how the weekend went. It touched 45 early this morning, but I spent some time looking for data and opinions before pulling the trigger.
I'm somewhat nervous about taking this position, because this is not an industry I've followed (even though I've had some BAC for years).
Everything in the financial industry has been tarnished. I considered adding to my AXP position (down about 10% in the last month) but don't really see this as a big buying opportunity (yet).
CNBC has had some interesting guests through the day. Brad Gerstner of Altimeter Capital for one.
The world of big banks seems much more complicated than the banking issues most of us have encountered in our lives. So their "governance/regulation" is pretty complex.
Like many other "large" issues in our economy, there are often no easy answers.
David

This didn't take long:
Silicon Valley Bank parent, CEO, CFO are sued by shareholders for fraud

True, I moved some of my savings to a 4.9% 19-month CD at Synchrony this AM. They had one still at 5%, the 14-month one.

I see 1-year Treasuries at 4.9% currently, and six month ones at 5.2%: https://ustreasuryyieldcurve.com/
But that assumes you are buying Treasuries directly I imagine.

Looking at Schwab just now, short-term (1 yr) Treasuries are running around 4.5%, but bank CDs are still around 5.25%.

The current yield on SWVXX is 4.48% while the current yield on SNSXX is 4.33%. Is it advisable to trade off the 15 basis points and be in SNSXX?

Thanks @LewisBraham - Didn’t intend to sound critical of anyone. I read Grantham quite a bit 12-18 months ago and learned a great deal from him. Helped prepare me for the onslaught later on in mid ‘22. It’s just that watching all the different global & domestic assets move around today highlights the value of a broad perspective.
To your later remark - I actually considered attaching a proviso to the S&P remark along the lines of what you mention. Will we be a democracy in 35 years? Will workers still have the means to invest in the S&P or anything else? Will the atmosphere be fit to breath?

WSJ: Bank of America's unrealized losses could be a potential vulnerability.AMIR HAMJA/BLOOMBERG NEWS
Bank of America's stock skidded in premarket trading, with its losses outpacing big U.S. peers, amid concerns about whether unrealized losses on the bank's securities could be a potential vulnerability.
Bank of America Stock Falls Further Than Peers Premarket
Now that is definitely a large bank.

I think in Grantham's case, given the models he uses, it's safe to assume he is referring to U.S. large caps, i.e., something akin to the S&P 500 or Russell 1000.

And pity those with such a narrow view of investing. Unless you’re 25 and DCA’ng into a 401K every couple weeks. Over the next 35 years an S&P index fund should do just fine.

3-mo T-Bill Auction today 4.75%/4.88%, not bad.
https://www.treasurydirect.gov/instit/annceresult/press/preanre/2023/R_20230313_2.pdf

Why would someone think that funds in a Schwab money market fund would be at risk? Those funds are not invested in anything having to do with Schwab. If the underlying assets were at risk that risk would quite possibly stretch over many other prime money market funds offered by other broker/dealers. What's more, if a Schwab MMF were to be on the verge of "breaking the buck" what might Schwab do? In view of the fact that that could be the death knell for the brokerage business I know what I'd do: I'd take advantage of all my credit and borrow enough to fill any gap in that $1.00/share price. That goes for any major brokerage firm, not just Schwab.

@Crash: Yeah, really!
Relatedly --- hey look, it's 1230PM ... again!

I think in Grantham's case, given the models he uses, it's safe to assume he is referring to U.S. large caps, i.e., something akin to the S&P 500 or Russell 1000.

+1 Great funny quote.

Twitter is good for a few things!
My favorites
"Just as there are no atheists in Fox Holes, there are also no Libertarians during a financial crisis..."
~Barry @Ritholtz,
https://twitter.com/sruhle/status/1634703830032998400?s=12

Anybody buying the dip ?

No. But I’m considering selling the pip. Depends what you own and what time of day it is. :)
I watch a lot and can’t recall such unstable markets in a short time. Probably occurred a few times in ‘07-‘08. Leadership transitioning - but for how long? Non-dollar assets, stocks & especially metals, flying. At last look GNMA was +1% for the day. Good grief. And GDX +7.28% on the day at the moment.
I’m clueless …