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How to invest

What are money market funds?

100% of our low-cost money market funds performed better than their peer-group averages over the past 10 years.*
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Preserve your cash until you decide how to use it

Minimize market risk

Money market mutual funds offer you a place to store your cash and potentially earn income—without as much risk to your investment as stock or bond funds.
 

Park your money temporarily

Keep your cash in a money market fund for short-term needs or until you decide how to invest it.
 

Get easy access to your cash

Transfer money between your bank and your Vanguard accounts whenever you need to.
 

Settle brokerage trades

Your money market settlement fund is used to pay for and receive proceeds from brokerage transactions, including Vanguard ETFs®, in your Vanguard Brokerage Account. Vanguard Federal Money Market Fund is the only settlement fund available.

Learn about Vanguard Federal Money Market Fund

See a complete list of Vanguard money market funds

Are you investing outside of an IRA or other retirement account?

If you're in one of the highest tax brackets and investing outside of your retirement account, you may be able to reduce your tax exposure with a tax-exempt money market fund.

Find out if tax-exempt mutual funds are right for you

Cut your federal tax bill with a national tax-exempt fund. Get added savings if you live in one of the following states:

  • California
  • New York

See a list of Vanguard tax-exempt money market funds

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*For the 10-year period ended December 31, 2020, 7 of 7 Vanguard money market funds outperformed their Lipper peer-group averages. Results will vary for other time periods. Only mutual funds and ETFs (exchange-traded funds) with a minimum 10-year history were included in the comparison. Source: Lipper, a Thomson Reuters Company. The competitive performance data shown represent past performance, which is not a guarantee of future results. View fund performance

All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.