Money Market Accounts

View current yields on our money market funds

Cash assets, also called liquid assets, are funds available to you now because they are not tied up in long-term investments. Instead of letting your cash sit idle day after day, you have the opportunity to put it to work for you through a money market mutual fund. 

This means that in addition to any cash you deposit directly, monies may be transferred automatically (swept) into your money market account when a security is sold or an interest or dividend payment is made, etc. Similarly, the amount necessary to pay for any security purchase will automatically be deducted from your money market account, unless you specifically request otherwise.

One of the benefits of paying for securities in this manner is that it relieves you of the need to send a check assuring you that your money fund balance will continue to earn dividends until settlement date.

An Automated Clearing House (ACH) transfer can also be used to directly deposit dividend and interest checks to your bank account. If you choose to have a check issued instead of using the ACH transfer, checks are only sent once a month.

Why are more and more investors putting a portion of their investment dollars into money market funds? Here are five of the most popular reasons:

• Safety -- Money market funds invest in a diversified pool of high quality, short-term securities.
  
  
• Liquidity -- You can redeem shares and get your money the same day.
  
  
• Stability of principal -- The funds attempt to keep their value at a table $1 price per share.  An investment in the Funds is not insured by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.  Although the Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Funds.
  
  
• Yields superior to bank products --Money market mutual funds typically provide higher yields than bank-guaranteed products such as CDs, money market deposit accounts, or interest on personal checking or savings accounts.
  
  
• Checkbook conveniences -- Simply use your checks to access the balance in your money market account.
  

Whether you're between investments and need a safe place to hold your money, looking for a better way to earn interest on excess cash from your business, or seeking a better yield combined with checkbook, money market funds may be an ideal financial fit for you.




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