Is there some way to reclassify the Vanguard Savings Account? It comes in as brokerage

JasonMark

I have a few investments with Vanguard and recently got their high interest savings account:
https://investor.vanguard.com/accounts-plans/vanguard-cash-plus-account

When I added it to Quicken it shows up as a brokerage, and when I try to go to account settings there's no option to make it a savings account. I think this is an error on either Vanguard or Quicken's end, but is there some workaround?

NotACPA

Vanguard is a brokerage firm, not a bank. THUS, by law, it can't offer a true "savings account" (or, a checking account).

What it can do, however is offer accounts that act like "bank" accounts … but since Vanguard is a brokerage they're still brokerage accounts.

jacobs

The Quicken Mac team has promised it plans to make account organization in the left sidebar more customizable. What exactly that will or will not allow won't be known until they release whatever they have planned.