Mid 20s is not bad -- I did that in my mid 30s :-\

( "The best time to plant a tree was 20 years back. The second best time is now" is the quote that I repeat to not fall into that regret trap )

Mid 30s is not bad -- I did that in my mid 40s :-\

It's eye opening, it feels like I got lied to growing up. Both of my kids have money market accounts now.

Great quote btw, I'm reminded of it regularly.

Also had the same experience and distinctly remember schools teaching about saving using only bank accounts as the examples.

I think there would be great value in a federal program to allow minors to have restricted access to a brokerage account so that schools can educate them and set them up on the spot. Just that little bit of friction up front is blocking so much potential. Right now it requires a custodial account managed by a parent/guardian and that's just not going to happen for a lot of kids.

You can buy treasuries and money market funds with Chase self directed accounts.

Why, to pay higher fees for the same thing?

Does Chase charge a fee to buy US treasuries? I know Fidelity and Schwab do not. I wouldn't be willing to pay a cent in fees to buy a T-bill.

To make transfers faster and more convenient.

I forgot bank transfers in the USA still use fax machines. Where I am this is roughly instant.