Unlike a money market account, which is a deposit account, a money market fund is a type of mutual fund invested in low-risk cash, cash-equivalent or debt-based securities.

Money market fund rates aren’t typically enough to fulfill the "Rule of 72" over a short timeframe, he said. The Rule of 72 is used to estimate how long it will take to double your money.

A money market fund can cause new investors some confusion. Some think they are the same as the similar-sounding money market accounts, which closely resemble savings accounts. However, they’re ...

SPAXX | A complete Fidelity Government Money Market Fund mutual fund overview by MarketWatch. View mutual fund news, mutual fund market and mutual fund interest rates.

Opening a money market fund may require a smaller minimum balance than money market accounts. Many funds let you begin with $500 to $3,000. However, ...

The Vanguard Federal Money Market Fund (VMFXX) offers stability through investments in U.S. government securities with low fees, the Fidelity Money Market Fund (SPRXX) provides high yields and ...

Grow your savings within your investment account by using a money market mutual fund for your short-term cash holdings. See our picks for this year’s best money market funds.

The Federal Open Market Committee (FOMC) held interest rates steady at 4.25% to 4.5% in its March 19 decision – resisting political pressure from President Donald Trump, who had been calling for ...

On May 7, the Federal Open Market Committee (FOMC) made one of its most closely watched decisions of the year — holding the federal funds rate steady at 4.25% to 4.5%. This key short-term ...