Top Money Market Funds Now Yield Over 5% as Rates Rise
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Money market funds offer competitive yields with excellent flexibility and safety for short-term, conservative investors. Top yields now over 5% with rising interest rates.
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Funds invest in liquid, short-term fixed income like T-bills, CDs, commercial paper. Stable $1 net asset value and monthly distributions.
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Top picks highlighted like NCGXX (5.4% yield, 0% fees), VMFXX (5.3%), VUSXX (5.3%), SPRXX (5%, no minimum investment).
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Municipal money market funds like VMSXX can provide tax-exempt income for high net worth investors.
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Some funds cater to ESG values (PINXX) or have long track records surviving past financial crises (SWVXX since 1992).