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Designed to provide high liquidity with lower risk, stability of capital and typically higher yields than some other cash products 7 day yield is what the interest averaged over the previous 7 days… but the number is annualized so if it says 5% that means if it stayed the same that it was the last seven days for a full year you would get 5% over the course of the year. Money market funds are available primarily as mutual funds, but schwab also offers one exchange traded fund (etf).
Swvxx | a complete schwab prime advantage money fund;inv mutual fund overview by marketwatch Hold for a day you get one day worth of interest View mutual fund news, mutual fund market and mutual fund interest rates.
Compare fund returns, risk metrics, and holdings using yc…
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