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Old 14-09-2018, 05:21 PM   #2
BBCWatcher
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Join Date: Jun 2010
Posts: 9,698
If just put money into MMF, can?
Of course you could, but what are you trying to accomplish?

A money market fund is typically designed as a short-term holding place for dollars that you will shortly invest in something else. It's low yielding, reasonably safe (with some variations), and highly liquid. It's not a consumer bank account (to support day-to-day spending)(*), and it's not designed for medium-term or long-term savings.

(*) Exception: In the United States some banks and credit unions advertise "money market accounts." "Money market" is really just a marketing term in that context, with the implication (but not necessarily reality) that the account might offer slightly better interest. A U.S. bank/credit union money market account is, in fact, just another savings or checking (current) account.
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