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Consumer Reports

6 Places to Put Your Cash Now

By Tobie Stanger

Money market funds invest in debt: super-safe, short-term Treasury bills, plus short-term municipal and corporate debt (also known as “commercial paper”). While convenient to use if you also have a brokerage account, unlike savings and money-market accounts, they’re not insured.

“They’re low-risk, but there’s an incremental amount of risk over investing in high-yield savings accounts,” says Eric Bronnenkant, head of tax at Betterment, an online investment company based in New York City.

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This article originally published December 19th, 2018 on Consumer Reports