Preserve your cash until you decide how to use it
Protect your cash from 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.
Good to know!
You may have heard about the new rules governing money market funds. They aren't expected to affect individuals who invest in money market funds, but you may want to learn more about them.
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.
Cut your federal tax bill with a national tax-exempt fund. Get added savings if you live in one of the following states:
- New Jersey
- New York