Advertising Disclosure
  1. Home
  2. Community
  3. Miscellaneous
  4. Yields Of A Few Popular Money Market Funds As Of 11-7-2022

Yields Of A Few Popular Money Market Funds As Of 11-7-2022

RichardW
  |     |   821 posts since 2019

Here are the 7-day yields of a few popular money market funds available at Fidelity, Schwab, or Vanguard as of 11-7-2022: FZDXX @ 3.50%, SWVXX @ 3.40%, VMRXX @ 3.38%, SPRXX @ 3.38%, VMFXX @ 3.34%, FZFXX @ 3.14% and SPAXX @ 3.06%. These funds don’t have FDIC coverage, but they do offer a useful alternative to savings accounts for liquidity.

During the current rising rate environment, these yields have been increasing nearly every day. Here are some links where you can check the current 7-day yields of these money market funds anytime you want an updated 7-day yield:

FZDXX: https://fundresearch.fidelity.com/mutual-funds/performance-and-risk/31617H805

SWVXX: https://www.schwabassetmanagement.com/products/swvxx

VMRXX: https://investor.vanguard.com/investment-products/mutual-funds/profile/vmrxx#price

SPRXX: https://fundresearch.fidelity.com/mutual-funds/performance-and-risk/31617H201

VMFXX: https://investor.vanguard.com/investment-products/mutual-funds/profile/vmfxx#price

FZFXX: https://fundresearch.fidelity.com/mutual-funds/performance-and-risk/316341304

SPAXX: https://fundresearch.fidelity.com/mutual-funds/performance-and-risk/31617H102

  Post a comment
10


sams1985
  |     |   781 posts since 2022
Thank you for this! Very helpful. Glad I moved from Capital One to FZDXX.
Reply
4
Jacques321
  |     |   32 posts since 2018
Would someone explain "minimum investment" for these accounts? I see Fidelity's FZDXX's minimum investment is 100K. Understand a 100K (initial) minimum investment, but are you able to drop below a 100K balance once you're in? Thank you.
Reply
2
RichardW
  |     |   821 posts since 2019
Jacques321…I was provided the following useful information regarding FZDXX a few weeks ago by DA reader, alan1, which he found on Fidelity's customer service Reddit channel:

“There are different types of minimums, including a minimum initial investment required to purchase certain money market funds. The money market you have referenced does require a minimum of $100,000 to open the position in your account. After that minimum initial requirement has been satisfied, your balance is allowed go below that level without penalty. However, if your fund balance falls below $10,000 worth of shares for any reason and you do not increase your balance, Fidelity may sell all of your shares and send the proceeds to you after providing you with at least 30 days' notice to reestablish the minimum balance. Your shares will be sold at the NAV, minus any applicable shareholder fees, on the day Fidelity closes your fund position. Certain fund positions are not subject to these balance requirements and will not be closed for failure to maintain a minimum balance.”

Here is a link to the original post found on Fidelity’s customer service Reddit channel:
https://www.reddit.com/r/fidelityinvestments/comments/xuvpa0/minimum_for_fzdxx/
Reply
4
sams1985
  |     |   781 posts since 2022
FZDXX is up 3.74% as of today. What effect will yesterday's mass hysteria caused by misreading the CPI data have on the above funds? Will they also start to trend downward?
Reply
3


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.