MoneyRates Blog
Fed Chairman Bernanke on Money Market Mutual Funds
By MoneyRates team | Money-Rates Columnist
Federal Reserve Chairman Ben Bernanke addressed the mutual fund money market industry in comments made before Congress on November 18, 2008. The huge amount of money withdrawn out of money funds since September has been an ongoing aggravation in the credit crisis. Bernanke and the Fed have already addressed investor fears regarding money funds with [...]
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Bank Money Markets Accounts (MMA) vs Mutual Fund Money Market Funds (MMF)
By MoneyRates team | Money-Rates Columnist
Today’s relatively flat yield curve (short term rates just slightly lower than long term rates) creates an environment where bank money market accounts or mutual fund money market funds are an attractive investment for the safety-oriented investor. Currently the national average on a bank money market is 4.14% compared to the average on a mutual [...]
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