FIDELITY: Understanding Money Market Funds
There are several types of money market funds: government (including US Treasury), prime, and municipal.
The Federal Reserve has cut interest rates and instituted programs to help ensure the smooth operation of the short-term credit markets that prime money market funds invest in.
Fidelity manages its money market funds conservatively.
All Fidelity money market funds have ample liquidity and continue to provide safety and security for our customers.
Please connect with us should you or a member of your family like to review your approach or check in for some peace of mind.