Awesome question! There are a few benefits to having the cash milestone over an interest-bearing account
- It’s free
- You can access your money in a cash milestone faster since you won’t have to wait for the ETFs in your account to be sold first.
- It takes advantage of Managed Portfolios' automated, no minimum savings tool (like our auto-deposits)
- Goal-based savings, lots of depository accounts don’t have a feature where you can define the goal and easily see how money goes towards different goals
Check out the Save Cash Milestone here: https://axosinvest.com/dashboard/milestone/create