What Is A Money Market Fund?
Money market funds are fixed income mutual funds that invest in debt securities characterized by short maturities and minimal credit risk. These securities are issued by government entities or companies who borrow money and repay principal and interest to investors within a short period of time.
Some investors use money market funds to save for short-term goals or emergencies, or as a low-volatility allocation in their portfolio of stocks and bonds. Some investors choose a government money market fund as the core position in a brokerage account to receive or make recurring payments, or hold money before moving to another investment.
Fidelity Money Market Funds
With interest rates increasing, savers are getting rewarded with higher returns on safe investments. We offer money market funds yielding over 3.5% through Fidelity that provide high liquidity with a very low level of risk. Rather than lock your money up in a CD for a set period, take advantage of our fully liquid options. Give us a call us 610-882-5670 to find out more.