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The ‘super surge’ of money market funds is on with yields over 4.6% luring savers. Here’s what you need to know. 

Por: MarketWatch Politics April 16, 2023

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The 100 largest taxable money funds tracked by Crane yield more than 4.6% on average, while the average rate on savings accounts nationwide is 0.37%, according to DepositAccounts.com, a unit of LendingTree.   The flood of cash into money market funds, which now have a record of more than $5.6 trillion in assets, is a major break from the typical pattern at this time of year, when investors tend to pull cash from money funds to make tax... + full article



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