Money market funds see massive inflows as investors seek higher yields and safety.

1 min read
Source: Markets Insider
Money market funds see massive inflows as investors seek higher yields and safety.
Photo: Markets Insider
TL;DR Summary

Money-market funds are becoming popular among depositors due to their higher yields and safety. Since the start of March, $286 billion has flowed into money-market funds, on pace for the biggest month since the depths of COVID. The Federal Reserve's ongoing path of rate increases has made money-market funds more attractive, prompting people to pull $1 trillion from vulnerable banks and put them into money-market funds and bigger institutions. Here are the eight top-yielding money-market funds right now, according to Bankrate data.

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