What is the interest rate on Vanguard money market funds?
Vanguard Federal Money Market Fund (VMFXX) VMFXX requires a $3,000 minimum investment and has a 0.11% expense ratio. It had an average one-year return of 0.2%.
Which is best money market mutual fund?
Best Money Market Mutual Funds
- ICICI Prudential Money Market Fund Growth.
- Aditya Birla Sun Life Money Manager Fund Growth.
- HDFC Money Market Fund – Growth.
- UTI Money Market Fund Growth.
- Kotak Money Market Fund – Growth.
- Nippon India Money Market Fund Growth.
- SBI Savings Fund Growth.
- Franklin India Savings Fund – Retail Plan.
Does Vanguard have money market accounts?
Vanguard money market funds Our money market funds invest in cash, cash equivalents, and high-quality, short-term debt securities. They also: May be appropriate for money you’ll need within the next 3 to 6 months.
How safe is Vanguard Federal money market fund?
Although a money market fund seeks to preserve the value of an investment at $1 per share, it cannot guarantee it will do so. Investment in this Investment Option is not insured or guaranteed by the FDIC or any other government agency.
How do I close my Vanguard money market account?
To close a Vanguard Personal Investor Account the accountholder can select the ‘account closure’ category in secure message. They will need to sell or transfer their assets out of the account before it can be closed.
Do money market accounts have high return?
A money market account can be great for earning a high annual percentage yield (APY). Some accounts may let you write a limited number of checks and also offer a debit card. Many online banks offer a more competitive yield than brick-and-mortar banks.
Does Vanguard have FDIC?
All CDs sold through Vanguard Brokerage are brokered CDs. It’s easy to research and buy CDs online. You’ll have FDIC coverage for $250,000 in CD purchases from each bank that sells you CDs through Vanguard Brokerage.