money market

Top 2 mutual funds:

Here are the two best “money market” funds in my opinion.

They both pay 5 percent interest currently.

(The interest rate varies.)

You can take money in and out  whenever you like.

(But it takes one business day to process.)

“Money market” funds are Not insured by the FDIC.

But they are essentially 100% safe.

I put my own money in a Vanguard “money market” fund.

VMFXX

VANGUARD FEDERAL MONEY MARKET INVESTOR

https://investor.vanguard.com/investment-products/mutual-funds/profile/vmfxx

VMRXX

VANGUARD CASH RSRV FEDERAL MNYMKTADMIRAL

https://investor.vanguard.com/investment-products/mutual-funds/profile/vmrxx

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In contrast, CDs are FDIC insured.

But usually you have to keep your money in CDs for a fixed period of time.