Rates Current as of Thursday February 09, 2012

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What are money market funds?

Money market funds or money market mutual fund is a mutual fund not insured by the FDIC. Money market mutual funds are regulated by the Securities and Exchange Commission’s under the Investment Company Act of 1940. Money market mutual funds are category of mutual funds that invest in the money market or rather short-term debt instruments. Although they are not insured deposits, money market account are still one of the safest places for investors who need a place to park short term funds or are concerned about the risk of other investment alternatives. Most money market funds also give you easy access to your funds by allowing a limited of check writing priveledges from the fund. All mutual funds involve investment risk, including the possible loss of principal.

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