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Tempted to chase fat yields in money market accounts? Why it might not pay to switch.

Por: MarketWatch Business February 26, 2023

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In the past six months, some money-market funds have offered an even better return. Money-market funds are a type of mutual fund that hold a mix of short-term corporate and municipal debt along with U.S. Treasury bills and other vehicles. Major brokerages such as Fidelity, Vanguard and Charles Schwab offer them along with financial services firms such as Wealthfront, and they now pay above 4%. Moving money from a bank account to a brokerage’s... + full article



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