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A Money Market fund is a mutual fund that invests in short-term, higher quality securities. Designed to provide high liquidity with lower risk, stability of capital and typically higher yields than some other cash products.
Schwab has eliminated sweep money market funds as a cash feature for most new and existing accounts. Limited accounts and account types may be eligible to have a money market fund as the designated cash feature.
4.30% to 4.53% APY *1. Protect your principal and earn a fixed rate of return with CDs from Schwab CD OneSource ®. Learn more.
Schwab's money market funds strike a balance by eliminating minimum investment requirements and transaction fees, while maintaining a reasonable expense ratio of 0.34% across its investor...
The Schwab Money Funds are managed with three primary objectives in mind; stability of principal, liquidity, and a competitive rate of return. Our funds always seek the highest yield that is consistent with capital preservation and the funds' ability to meet redemptions.
5.15%. Editor's Take. The Schwab Value Advantage Money Fund was the world’s fastest growing money market fund in 2022 and among the fastest growing in 2023, thanks to Schwab and other...
Money market funds are designed to provide steady interest income with low risk. Shares held by retail investors, although not guaranteed, seek to maintain a NAV of $1 per share. Some money market funds, namely those invested in certain municipal securities, can provide a tax advantage at the state and federal level.
The Market-Based NAV is calculated using current market quotes (or an appropriate substitute that reflects current market conditions) to value fund securities, and is shown out to four decimal places. The Fund does not currently transact using its Market-Based NAV.
Schwab offers tax-exempt money market funds specifically for investors in higher tax brackets in California and New York. Schwab California Municipal Money Fund (SWKXX) and Schwab New York Municipal Money Fund (SWYXX) invest in high-quality, short-term municipal securities issued by entities within the state.
Here are some of the top money market funds to consider for your portfolio. Top money market funds. Vanguard Federal Money Market Fund (VMFXX) Schwab Value Advantage Money Fund (SWVXX)