Clark: Safety of Treasury Money Market Funds “a hair superior” to FDIC insured accounts

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High interest cash savings options include FDIC insured Money Market Accounts at online banks. Another option is Treasury Money Market Funds at Fidelity, Vanguard etc. Clark addressed the safety issue with this comment on his podcast “If you want the absolute highest level of safety, put it in a US treasury money market fund, you’ll earn a great rate and it will be basically a direct obligation of the federal government, which is even a hair superior to having it in a bank CD or savings account.” (6/24/2024 podcast at 24:35 minutes)