Vanguard money market rates are definitely worth looking into, especially if you’re an investor with Vanguard funds already and need a way to hold your money until the next opportunity comes along. We at Money Market Rates 101 thought we’d look them over and see what they have to offer right now.
As mentioned in the last post, Vanguard money market accounts aren’t like normal money market savings accounts and are not FDIC insured as they are considered investment accounts. Be aware of that as you move forward. That said, however, Vanguard money market rates are very good and are a relatively safe way to store money until it’s reinvested into the market.
Currently, most Vanguard money market funds are invested in Treasuries, US Agency funds, and high quality commercial paper. They are trading for $1 with a minimum investment of $3,000 and are currently giving a yield of 0.76% (compounded). This is higher than the typical savings account.
Vanguard rates are variable with the market, of course, but Vanguard money market rates are relatively steady due to their low-risk investment hedges. Of course, Vanguard money market rates will change over time and quickly, so check the current Vanguard rates before investing.
We definitely think that, for the investor, Vanguard money market funds are definitely worth looking into.
vanguard money market rates
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