Tuesday, July 29, 2014

Putting extra savings in Money Market FUND

This article is about the type of mutual fund. For the type of bank deposit account, see Money market account.
money market fund (also known as money market mutual fund) is an open-ended mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper.[1] Money market funds are widely (though not necessarily accurately) regarded as being as safe as bank deposits yet providing a higher yield. Regulated in the US under the Investment Company Act of 1940, money market funds are important providers of liquidity to financial intermediaries.[2]  Wiki