with savings accounts generating a measly fraction of a percent. The big plus for banks is that they are covered by the Federal Deposit Insurance Corporation, for deposits up to $250,000. Money-market funds don’t have that extra layer of safety, although you could argue that the f...
The Fed is expected to cut rates again, but for now these money market funds are yielding up to 4.7%.
Money market funds can be a good fit for investors looking to benefit from the current interest rate environment orsaving for a short-term goal. Keep in mind that while the funds are considered low risk, they are not FDIC-insured.
Money market mutual funds can be useful savings vehicles. Here are the 5 best money market funds as measured by yield.
its lowest range since February 2023. Committee members indicated that they expect only two rate cuts in 2025, down from a previous projection of four. Money market account rates closely follow the fed funds rate, which means money market rates are expected to come down as the Fed lowers rate...
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