i do. so it looks to be pretty free except for the expense ratio.

- quote -

"Bucky" <uw_badgers[at]email.com> wrote in message
news:1171102235.934609.238710[at]h3g2000cwc.googlegroups.com...

- quote -

Yes I do, so I don't know whether they waive the low balance fee the same
way they do the minimum balance. If you're planning on opening a brokerage
account with them, it would be a good idea to check.

On the high end, if you have $250,000 with them, they waive the $30/year fee
for maintaining the brokerage account.

On Feb 9, 8:04 am, "Andrew Koenig" <a...[at]acm.org> wrote:
- quote -

do you qualify for the $50K rule? Because it seems pretty clear to me
that you will be charged $10 annually if you drop below $2500.

"An annual $10 fee is generally deducted for each nonretirement fund
account with a balance of less than $2,500. In addition, the fund
account may be liquidated if the balance falls below $500. If your
Vanguard account assets (including IRAs, employer-sponsored plans,
brokerage accounts, annuities, as well as nonretirement fund accounts)
total $50,000 or more, the low-balance fee may not apply."

"Bucky" <uw_badgers[at]email.com> wrote in message
news:1171008485.251068.103220[at]p10g2000cwp.googlegroups.com...

- quote -

If you are using a money-market mutual fund as the sweep account for a
Vanguard brokerage account, they waive the minimums. You still need $3,000
to open the account, but you can let it fall as low as you like. This
policy doesn't seem to be written down anywhere, but it's what they told me
when I asked them, and indeed I have a Vanguard brokerage account in which
the sweep account has been below the normal account minimum for some time.

"cporro" <cporro[at]gmail.com> wrote in message
news:1170983649.773453.261130[at]j27g2000cwj.googlegroups.com...

- quote -

I've been a Vanguard customer for more than 10 years, so I can tell you
about my experience. My remarks might even be accurate:-)

If you have a Vanguard mutual fund account, then there's not really any
notion of depositing money. For example, you can't take a check that is
made out to you, endorse it "for deposit only," and send it to Vanguard.
They don't like to accept second- or third-party checks. Instead, you have
to make out a check directly to Vanguard and send it to them with a deposit
slip that has an account number on it.

That account number is tied to a specific mutual fund, so your check is used
to purchase shares in that fund. As far as I know, there is no way to hold
cash in a Vanguard mutual fund account -- it has to be in a fund. If you
can't figure out what else to do with it, you can buy shares in one of their
money-market funds -- but it's still a fund.

You can also do electronic transfers, but the rules are the same: Every
transfer has to be associated with a specific fund or funds.

If you have a Vanguard *brokerage* account, then that account has a sweep
account associated with it. The sweep account is linked to a Vanguard
money-market mutual fund that you select. Whenever any cash shows up in
your brokerage account, it is automatically deposted in the corresponding
money-market fund. Whenever you buy something through the brokerage
account, the money is automatically deducted from the corresponding
money-market fund.

As of the last time I checked (about a month ago), Vanguard computes
interest on money-market funds daily and credits it monthly. Current
interest rates are in the vicinity of 5% for taxable funds and 3.4% for
tax-exempt funds (available for CA, NJ, NY, OH, and PA).

On Feb 8, 5:14 pm, "cporro" <cpo...[at]gmail.com> wrote:
- quote -

most brokerages have a "cash" account to hold funds not invested yet.
But with Vanguard, you must designate a mutual fund to invest in
whenever you transfer money in. If you want a place similar to a
"cash" account, then you can put it in their Prime Money Market. But
the problem is that you need $3000 minimum and $100 additional
investment.

"cporro" <cporro[at]gmail.com> wrote in message
news:1170983649.773453.261130[at]j27g2000cwj.googlegroups.com...

- quote -

Whenever you send money, you will need to tell them what to do with it. You
can always open a money market account with them. At Vanguard, it's a simple
matter of transferring money between accounts, especially online. As an
alternative, you can hold the money in your own bank account and transfer
the money from there, again, through online instructions. It's good to EFT
your money as it takes only a day or two, rather than several days via mail.

Elizabeth Richardson

in an etrade brokerage they hold whatever cash you have in a sweep
acount. i'm wondering if i have an mutual fund account through someone
like vanguard and i deposit say 10k what will they do with that cash
until i buy one of thier mutual funds?

is something like this such a common thing that they don't mention it
on thier site? i can't find anything.

thanks