Find top money market mutual funds list. These money market funds provide yields for income. The list includes various fund families: Fidelity, Vanguard.
Money Market Funds
A Money market fund invests in a low risk, low return investment such as certificates of deposit (CD), short term U.S. treasury securities (T-Bills), and corporate commercial paper. Money market fund shares are always worth $1.00. The only change is the interest rate or yield. This money market fund may come with limited check-writing priveleges.
Investing in a money market fund has risk. This money market fund is not insured or guaranteed by Federal Deposit Insurance Corporation or any other government agency. The investing risks include interest rate risk, economic downturn risk, political risk, market risk, regulatory risk, etc. Historically, money market funds have been exceptionally safe investments. They are regulated under the Investment Company Act of 1940.
Whether you should invest in these money market funds, please check the fund review below. I also provide the 24 largest money market funds for you. Whether you want to invest for short term or retirement, you need to find out the fund details.
Top money market mutual funds are:
- Fidelity Cash Reserves (FDRXX)
- Vanguard Prime Money Market Investor (VMMXX)
- Schwab Cash Reserves (SWSXX)
- Schwab Advisor Cash Reserves Premier (SWZXX)
- Schwab Money Market (SWMXX)
- Dreyfus General Money Market B (GMBXX)
- Federated Capital Reserves (FRFXX)
- Edward Jones Money Market Investor (JNSXX)
- Fidelity Prime Capital Reserves (FPRXX)
- Fidelity Prime Daily Money (FDAXX)