12 Money Market Funds Offering Over 4.5% Yield

If you’re looking for safe investments with competitive yields, money market funds can be an excellent choice. These funds provide liquidity, low risk, and the potential for higher returns compared to traditional savings accounts while in a high interest rate environment. Here are 12 money market funds that offer attractive yields.

 

1. Fidelity Money Market Fund (SPRXX):

Minimum Investment: $1

Yield: 5.03%

Editor’s Take: A solid choice for low-risk investors.

Expense Ratio: 0.42%

2. Schwab Value Advantage Money Fund Investor (SWVXX):

Minimum Investment: $1

Yield: 5.17%

Editor’s Take: Offers competitive rates and easy access to cash.

Expense Ratio: 0.35%

3. T. Rowe Price U.S. Treasury Money Fund Z (PRTXX):

Minimum Investment: $2,500

Yield: 5.08%

Editor’s Take: Ideal for those seeking safety and stability.

Expense Ratio: 0.38%

4. Invesco Premier Portfolio Institutional (IPPXX):

Minimum Investment: $1,000

Yield: 5.37%

Editor’s Take: A high-yield option for risk-averse investors.

Expense Ratio: 0.35%

5. JPMorgan Liquid Assets Money Market Fund (MJLXX):

Minimum Investment: $1,000

Yield: 4.96%

Editor’s Take: Provides liquidity and stability.

Expense Ratio: 0.39%

6. Vanguard Federal Money Market Fund (VMFXX):

Minimum Investment: $3,000

Yield: 5.28%

Editor’s Take: A reliable choice for conservative investors.

Expense Ratio: 0.11%

7. Fidelity Government Money Market Fund (SPAXX)

Minimum Investment: $1

Yield: 4.96%

Editor’s Take: Low-risk fund with competitive returns.

Expense Ratio: 0.42%

8. Vanguard Treasury Money Market Fund (VUSXX):

Minimum Investment: $3,000

Yield: 5.29%

Editor’s Take: Invests in U.S. Treasury securities.

Expense Ratio: 0.10%

9. T. Rowe Price Government Money Fund (PRRXX):

Minimum Investment: $2,500

Yield: 5.06%

Editor’s Take: Suitable for risk-averse investors.

Expense Ratio: 0.37%

10. BlackRock Wealth Liquid Environmentally Aware Fund Investor (PINXX):

Minimum Investment: $1,000

Yield: 5.02%

Editor’s Take: Combines environmental awareness with stable returns.

Expense Ratio: 0.35%

 

11. Vanguard Prime Money Market Fund (VMMXX):

Minimum Investment: $3,000

Yield: 4.67%

Editor’s Take: A reliable choice for investors seeking stability.

Expense Ratio: 0.16%

 

12. Federated Hermes Government Obligations Fund (GOVXX):

Minimum Investment: $1,000

Yield: 4.55%

Editor’s Take: Invests in U.S. government obligations, providing safety and competitive returns.

Expense Ratio: 0.35%

 

Final Thoughts

Remember that these funds are subject to market fluctuations, but they generally maintain a stable net asset value (NAV) of $1 per share. Always review the specific terms and conditions of each fund and consult with a financial advisor before making investment decisions.