Retail Money Funds
June 19, 2007
Money fund rates have held steady in the last week. Typically these funds are comprised of short-term government securities or highly rated commercial paper and maintain extremely high safety ratings. Below are listed 7-day average annualized yields of some leading money funds:
TIAA-CREF Money Market Fund 5.18%, $2,500 minimum
Vanguard Prime Money Market Fund 5.12%, $3,000 minimum
Harbor Money Market Fund 5.05%, $1,000 minimum
PayPal Money Market Fund 5.04%, $1 minimum
Fidelity Money Market Fund 4.99%, $25,000 minimum
