5 Best Money Market Funds to Invest in Now

Are you looking to invest your money but don’t know where to start? Money market funds could be a great option for you. They offer stability and liquidity, and they can be a good place to park your money while you figure out the best long-term investment strategy for you. Here are five of the best money market funds to invest in right now.

1. Fidelity Investments Money Market Fund (FMDXX)

The current yield on the Fidelity Investments Money Market fund is 1.51%, and its expense ratio is 0.35%. This fund requires a $2,500 minimum investment, and it is available to both retail and institutional investors. The fund invests in short-term debt issued by the U.S government, as well as other agencies and corporations.

2. Vanguard Federal Money Market Fund (VMFXX)

The Vanguard Federal Money Market Fund has a yield of 1.46%, and its expense ratio is 0.20%. This fund requires a $3,000 minimum investment, and it is available to both retail and institutional investors. The fund invests in short-term debt issued by the U.S government, as well as other agencies and corporations.

3. Schwab Government Money Market Fund (SWGXX)

The Schwab Government Money Market Fund has a yield of 1.41%, and its expense ratio is 0.35%. This fund requires a $1,000 minimum investment, and it is available only to Schwab clients. The fund invests in short-term debt issued by the U.S government, as well as other agencies and corporations.

4. Fidelity Government Cash Reserves (FGOVX)

The Fidelity Government Cash Reserves fund has a yield of 1.40%, and its expense ratio is 0.14%. This fund requires a $2,500 minimum investment, and it is available to both retail and institutional investors. The fund invests in short-term debt issued by the U.S government

5. Goldman Sachs Financial Square Treasury Obligations Fund (FSTDXX)

The Goldman Sachs Financial Square Treasury Obligations Fund has a yield of 1.39%, and its expense ratio is 0.20%. This fund requires a $5,000 minimum investment, and it is available to both retail and institutional investors. The fund invests in short-term debt issued by the U.S government.

Money market funds are a type of mutual fund that invest in short-term debt instruments, such as Treasury bills, commercial paper, and certificates of deposit. These funds are typically used by investors as a place to park cash that they don’t need immediate access to. Money market funds are relatively low-risk investments, and they offer a higher yield than most checking or savings accounts.


When choosing a money market fund, you should consider the fund’s yield, expense ratio, and minimum investment requirements. You should also make sure that the fund is available through your brokerage account.