Money Market Fund Money Market Account Savings Account Offered by Investment and financial companies Banks and credit unions Banks and credit unions Type Mutual fund Deposit Deposit Requirements such as an initial amount and minimum daily balance maintenance Usually Usually Sometimes Charges management fee...
Minimum initial investment:$3,000 What is a money market mutual fund? A money market fund is a mutual fund that invests in short-term securities with very little credit risk. These securities may be issued by governments, corporations or financial institutions that reside in the U.S. or abro...
3. Account minimums High-yield savings accounts generally don't carry minimum deposit requirements — and if they do it's a relatively small amount, McBride said. Money funds tend to require a minimum investment that exceeds $1,000, he said. "That's not necessarily a hurdle everyone can ...
The primary advantage of a money market fund is that it is a safe avenue for investing insecure and highly liquid, cash-equivalent, debt-based assets using smaller investment amounts. In the realm of mutual-fund-like investments, money market funds are characterized as low-risk, low-return in...
These funds are characterized by high minimum investment and low-expense share classes. The largest institutional money market fund is the JPMorgan Prime Money Market Fund with over $100 billion in assets. Retail money funds are offered to individuals and exist in the form of government-only ...
but also those issued by banks, corporations and non-government bodies. In the US, another form of fund are those linked to municipalities that hold municipal securities; earnings are typically exempt from federal tax. Standard MMFs have a minimum investment horizon of three months and offer the...
When you open a J.P. Morgan Self-Directed account, you'll get access to competitive yields on money market funds and up to $700 cash bonus. Choose from a wide range of money market funds with low minimum investment. 4.18% average yieldaccording to Crane Retail Money Fund Index 7-day SE...
Institutional money fund Institutional money funds are high minimum investment, low expense share classes which are marketed to corporations, governments, or fiduciaries. They are often set up so that money is swept to them overnight from a company's main operating accounts. Large national chains ...
2) money market funds 货币市场资金3) money market fund 货币市场基金 1. Can money market funds replace bank savings?; 货币市场基金能否替代银行储蓄 2. Study on the Development of Money Market Fund; 我国货币市场基金发展研究 3. A Study on Chinese Commercial Banks Strategies to Deal with ...
sells them. Depending on the type of fund, you might have to put down some type of minimum deposit—anywhere from a few hundred dollars to $5,000—just to get started buying money market funds. But there are some brokerage firms that will let you get started with no minimum deposit at...