The Top 25 Low Cost Best US Money Market Funds You can save by investing in one of the top 25 low cost best money market funds
This article discusses the top 25 low cost best money market mutual funds for your savings investments — either directly with the mutual fund company or through retirement investment programs that include this money market savings fund as an option. Therefore, you might be eligible to invest in some of the institutional mutual money funds on this list, but not in others.
However, there are many funds on the list that allow direct deposits by individual investors. Anyone can invest in money market savings accounts offered by fund companies that deal directly with the public. In this article, we also consider money funds with a wide range of initial deposit balance requirements. Minimum money market deposit account requirements are listed in the table below.
The primary objective of this article is to identify the best money market accounts — from the standpoint of low investment management fees. When you review the money funds list below, you will immediately notice that just a handful of mutual fund companies account for these 25 money market savings fund offerings. These companies are Alpine, Ambassador, Federated, Fidelity, Gabelli, MFS, Paydel & Rygel, Russell, TCW, and Vanguard. At the bottom of this article, you will also find links to the home webpages of these money fund companies.
Fidelity and Vanguard have the most low cost money market funds on this list
Perhaps, most notable on the list are Fidelity Investments and The Vanguard Group, because of their multiple low cost account offerings and the large dollar amount of money market fund assets that they have under management. Vanguard’s long term business strategy has been to offer the best mutual funds at the lowest costs. In many investment asset classes, Vanguard simply dominates the low cost mutual funds marketplace for direct purchase accounts with both low and high minimum deposits. In the last few years in particular, Fidelity also has begun to compete with Vanguard by offering a wider range of low cost mutual funds, including fund offerings with attractive money market account rates.
Note that when you screen investment funds in almost any investment asset category and rank them from lower to greater investment management ratios, the resulting investment fund lists tend to be populated by funds from [...]