Back on the personal finance front... Fidelity will allow SPAXX as your sweep account in Cash Management Accounts (CMA) starting around June 15. IMO this makes CMAs a no brainer. No need to mess with separate online savings accounts to get higher rates on your cash.
I know this took me a while to wrap my head around and I wish somebody had broken it down for me earlier, so for those that don't habla CMA, here's the skinny...
CMAs are brokerage accounts that operate "like" checking accounts. Debit cards, ATMs, fee reimbursement, checks, online bill pay, direct deposit, etc.
Your cash balances by default are kept at various banks around the country. You can see which banks, but there's no reason to care. You get FDIC protection, ~2.7%* interest, and manage your cash centrally via Fidelity.
If you elect to keep your cash in SPAXX, you give up FDIC coverage, but you can get ~5%* on your cash balances.
Vanguard just started "Cash Plus" accounts to compete. I'm sure they'll be great accounts, but I moved from Vanguard because (IMO) their service starting slipping around 2020 and became untenable.
Bottom line, especially for the young dudes: Look beyond USAA for your banking needs. With some work, you'll be very wealthy one day - learn to manage it well now.
*all rates are as of 4/15/24