The best money market funds offer a combination of positive yield, low risk and a low expense ratio. To make our selection, we combed through the list of money market mutual funds at MutualFunds.com and identified nine with the highest yields, lowest expenses and a minimum investment balance of $1,000,000 or lower.
Note that the seven-day yield is an industry standard for side-by-side comparisons of money market funds. It takes into account fund distributions plus appreciation, minus average fees over a seven-day period, and assumes that this average continues over an entire year.
When you are selecting a money market fund, make sure you can meet the minimum investment balance. In addition, it’s important to understand the investments held by each fund. Carefully research your options before making a decision.
And keep in mind that when it comes to investing, past performance is no guarantee of future results.