Often pay significantly more than traditional bank savings.
Unlike bank accounts, these aren't government-guaranteed; you could lose money, though it's rare. money market funds
The price doesn't go up like a stock; you only earn the interest. Common Types of Funds What are money market funds? | BlackRock Often pay significantly more than traditional bank savings
Returns may not keep up with rising costs of living over the long term. these aren't government-guaranteed
Money market funds (MMFs) are a low-risk, high-liquidity investment staple, often used as a "cash-plus" strategy to park money while earning more interest than a standard savings account.