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Multiply by 365/7 to give the 7-day SEC yield. To calculate approximately how much interest one might earn in a money fund account, take the 7-day SEC yield, multiply by the amount invested, divide by the number of days in the year, and then multiply by the number of days in question. This does not take compounding into effect.
Because the fund invests in municipal securities that are exempt from federal income tax, the yield is lower than other money market funds. Yield : 2.90 percent Expense ratio : 0.15 percent
One example of a money market mutual fund is the Vanguard Federal Money Market Fund (VMFXX). As of February 2024, VMFXX offered a compound yield of 5.40 percent, and the initial investment was $3,000.
JNK Dividend Yield data by YCharts.. The fund pays dividends monthly, which is an advantage for investors. You will have a monthly source of income, or you can reinvest each month to compound the ...
At the end of 2011, there were 632 money market funds in operation, [20] with total assets of nearly US$2.7 trillion. [20] Of this $2.7 trillion, retail money market funds had $940 billion in Assets Under Management (AUM). Institutional funds had $1.75 trillion under management. [20]
Editor's note: Annual percentage yields shown are as of Thursday, November 7, 2024, at 8:10 a.m. ET. APYs and promotional rates for some products can vary by region and are subject to change.
Get today's best rates on high-yield and traditional savings accounts to more quickly grow your everyday nest egg. Savings interest rates today: Best accounts still paying out up to 5.10% APY in ...
October 7, 2024 at 7:00 AM The days of investors getting a risk-free 5% yield are coming to an end. The Federal Reserve raised the benchmark interest rate from 0.25% in early 2022 to 5.5% in July ...