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Money Markets
Money market funds are a type of mutual fund that invests in short-term (less than a year) debt securities of agencies of the US, banks and corporations and US Treasury Bills. Money markets offer higher yields than cash returns, they're highly liquid, very safe and easy to participate in.
The money market offers an alternative to higher-risk investments such as stocks and commodities. The money market is the place where large institutions and government manage their short-term cash needs. Individual investors can access the money market through a variety of different securities.
Money market funds have been around for decades and are a very popular place for investors to invest their money. The easiest way to participate in the money market is with money market mutual funds or through a money market bank account. Money markets are highly liquid, low risk, are widely used and offer competitive yields. Money market funds can be a great place to hold your money particularly if you are between investments, saving for a house, saving for a vehicle purchase, or just looking for a safe place to put money.