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Banks can invest money market funds in short-term securities, municipal bonds, loans to customers, treasury notes and more, bringing higher interest rates than with savings account.
Money market funds are a type of investment which aims to help shareholders earn interest while maintaining a net asset value. The net asset value is a rate of $1 per share.
Money market accounts such as CIT Bank, UFB Direct, Nation Wide Bamk, Capital One, Ally Bank, and Sallie Mae among many others offer some of the best money market rates.
There are a variety of brands and models of tires available in the market today which are available at discounted prices. To make a wise and informed decision, it is a good idea to read reviews and testimonials online before investing the money.
Read MoreVanguard Federal Money Market Fund (VMFXX)Launched in 1981, the Vanguard Federal Money Market Fund (VMFXX) is a conservative government money market fund that aims for the preservation of capital and earning of current income.
Read MoreRemember that the money market rates are subject to change depending on a number of factors.
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However, there is no guarantee of returns on the investment you make in money the market; therefore proper wealth management is necessary.What are money market investments? Investing in the money market is simple and transparent.
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