Money market mutual funds: savings hack or risky tactic?
By Justin Boyle
A freelance designer friend of mine recently asked me how to find the best high-yield savings accounts for her rainy-day reserves. As often happens with issues of personal finance in today's economic climate, this is a simple question with a fairly complex answer.
Rates have been flagging on high-interest savings accounts in the last several years, and personal finance investors are looking more and more to money market accounts and money market mutual funds for interest-based returns on their banked income. Let's take a look at some facts about money market mutual funds and how they compare to money market accounts and traditional savings accounts.