What is a Money Market Mutual Fund?
A market fund that pools deposits from several individuals to be invested on short-term government securities, banks certificates of deposit, and high quality corporate debt. Interest is paid back to the investors from the income takes from the pool of of money. In a money market mutual fund, each share maintains a constant value despite income and yield fluctuations. This results in no capital gains or losses. The fund’s yield vary as interest rates rise or fall since these funds are reinvested on a continuous basis.
Certificate of Deposit Rates :: Feb.10.2008 :: Bank CD Rates ::