Design Highlights
- Vanguard Federal Money Market Fund (VMFXX) offers competitive yields at 3.58% with a low expense ratio of 0.10%.
- North Capital Treasury Money Market Fund (NCGXX) features a high yield of 3.70% and requires no minimum investment, making it a flexible option.
- Schwab Prime Advantage Money Fund (SWVXX) has no minimum investment and provides a stable yield of 3.46%, suitable for diverse investor needs.
- Vanguard Treasury Money Market Fund (VUSXX) focuses on Treasury bills and yields 3.63%, appealing to conservative investors seeking safety.
- Fidelity Money Market Funds yield 3.55% and offer a broad range of options, simplifying investment for individuals across various fund types.
When it comes to money market funds, picking the right ones can feel like maneuvering through a corn maze—confusing and full of dead ends. For those who want to park cash safely and earn something in return, the options can be overwhelming.
Vanguard offers some solid picks: the Vanguard Federal Money Market Fund (VMFXX) specializes in short-term U.S. government securities. With a 7-day SEC yield of 3.58%, it requires a minimum investment of $3,000. Its expense ratio of just 0.10% helps to keep net yields competitive. Not bad, right?
Vanguard’s Federal Money Market Fund (VMFXX) offers a solid 3.58% yield with a low expense ratio and $3,000 minimum investment.
But if you’re looking for the safest route, the Vanguard Treasury Money Market Fund (VUSXX) might be your best bet. It invests at least 80% in Treasury bills and boasts a 7-day SEC yield of 3.63%. Lowest risk? Check. Money market funds are generally less volatile than stocks or bonds, making them a sound choice for conservative investors. This stability is largely due to regulatory reforms that have improved safety and liquidity in these funds.
Then there’s Schwab, which has a buffet of options. The Schwab Prime Advantage Money Fund (SWVXX) is your no-minimum entry point, yielding 3.46%.
Want a Treasury option? The Schwab U.S. Treasury Money Fund (SNSXX) yields 3.38%. Not exactly making headlines, but they’re stable choices. For the ultra-wealthy, the Ultra Shares like SNAXX yield at 3.61%—but you better have a cool million lying around.
Let’s not overlook North Capital, which offers the North Capital Treasury Money Market Fund (NCGXX). With zero minimum investment and a 7-day SEC yield of 3.70%, it’s a hidden gem. Unlike auto insurance, where liability coverage is legally required in most states, money market fund investments carry no such mandates, giving investors complete flexibility in their choices. But good luck finding it; it’s under the radar and only available to funds over $50 million.
In the world of municipal money market funds, Vanguard Municipal Money Market Fund (VMSXX) targets short-term tax-exempt securities, but yields only 2.53% for Schwab’s New York Municipal Money Fund (SWYXX).
And finally, Fidelity steps in with a massive management portfolio, yielding 3.55% as of February 2026. They offer government, prime, and municipal categories, keeping things simple for those who don’t want to think too hard.
