Money market mutual funds:

Question

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Money market mutual funds often allow investors to write checks against their account balances, typically above a certain minimum amount. This feature provides liquidity and flexibility, similar to a checking account, while aiming to offer higher returns than those available from standard savings accounts. Money market mutual funds are not federally insured like bank savings accounts, do not have maturity dates as they are liquid investment vehicles, are not exclusively offered by savings and loan associations and credit unions, and typically aim to offer competitive interest rates compared to regular savings accounts, though these rates can fluctuate based on market conditions.

Money Market Mutual Funds