What's your favorite money market fund? (IRA, broker, cash, Fidelity)

[moguldreamer]

What's your favorite money market fund these days?

[Star691]

Fidelity SPAXX - still at 5.07% APY right now.

[mathjak107]

i only use fidelity treasury money markets …

specifically fdlxx which uses no repos at all . i don’t go for highest yeld.

i had a money market break the buck already .

not only were we locked out but we lost 3%

[rjm1cc]

The one my broker has.

[StealthRabbit]

Originally Posted by mathjak107

i only use fidelity treasury money markets …

FRSXX
7-Day Yield 09/30/2023
5.24%
This fund has a minimum initial individual, IRA, and Group Investment of $10,000,000.

It's a good start for your spending money, that you won't need often.

or...MM
SPAXX (available as a settlement fund and most accts)
7-Day Yield 09/30/2023
4.99%

fdlxx - 4.99%
https://institutional.fidelity.com/a...und-fdlxx.html

[GWoodle]

Fidelity's money market funds win with an initial investment of $1. Others from Vanguard or T Rowe Price or Schwab require $2500-$3000,

[mathjak107]

there are very few hat don’t enhance yield by engaging in the repo market ..fdlxx is one of the few which uses no repos

[BijouBaby]

Bought some SPAXX today. Swept up all the odds & ends, bits & pieces of extra $$ in different accounts that needed a job, but would still be quickly accessible if need be. SPAXX is great for that.

[mathjak107]

Originally Posted by StealthRabbit

FRSXX
7-Day Yield 09/30/2023
5.24%
This fund has a minimum initial individual, IRA, and Group Investment of $10,000,000.

It's a good start for your spending money, that you won't need often.

or...MM
SPAXX (available as a settlement fund and most accts)
7-Day Yield 09/30/2023
4.99%

fdlxx - 4.99%
https://institutional.fidelity.com/a...und-fdlxx.html

fdzxx is their highest paying money market but it does have a 100k min for most people.

it is the premium class equal to sprxx

[lenora]

CFG Bank. It has an office within a few miles of my home. I prefer having a real person nearby in case a problem arises. That said, I have some cash in Fidelity money market funds, as well.

https://www.cfg.bank/personal-bankin...deposit-rates/
ETA: Oops. This is not a fund. It is an account. ^^