Fidelity Money Market Rates
There are a lot of funds to consider and we here at Money Market Rates 101 hope that our information helps make the decision easier for you. Today, we’re going to look at Fidelity Money Market Fund offers and show you how rates at Fidelity are doing.
First, be aware that money market funds aren’t necessarily the highest returning funds out there. They are, however, considered to be the most stable with generally higher returns than most certificate of deposit and other savings investments in like amounts of time. They are also liquid, so they can be “cashed out” quickly.
While rates at Fidelity in these funds are low, they got a lot of attention when the financial crisis began to tank most market investments quickly. The Fidelity Money Market Fund, however, lost little and actually showed gains during the otherwise down market. So while Fidelity Money Market rates aren’t high, they are steady.
Like most money market funds, these funds are liquid, so they are not a fixed investment. The rates at Fidelity in these funds are usually higher than comparable certificate of deposit or high yield savings are. They are not, however, FDIC insured as are banks.
Rates of return vary, but the taxable funds are most common because they are the easiest to get into. Municipal and State funds are usually tax-free and are therefore popular long-term retirement funds. Whatever your Fidelity Money Market Fund choice, talk to your financial adviser before making a decision.