# Question for Clark: Brokerage money market

**URL:** <https://community.clark.com/t/question-for-clark-brokerage-money-market/1661>\
**Category:** Investing\
**Created:** [November 17, 2022, 8:18pm UTC](https://community.clark.com/t/question-for-clark-brokerage-money-market/1661 "2022-11-17T20:18:41Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![TarHeel](https://avatars.discourse-cdn.com/v4/letter/t/b782af/32.png) [@TarHeel](https://community.clark.com/u/TarHeel)\
**Post date:** [November 17, 2022, 8:18pm UTC](https://community.clark.com/t/question-for-clark-brokerage-money-market/1661/1 "2022-11-17T20:18:41Z")

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I would love for Clark to chime in. I moved most of our money from an online bank getting 2.75% to Fidelity and Vanguard money markets getting around 3.6%. These funds are not FDIC insured. Is this safe and advisable?

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**Author:** ![ochotona](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/ochotona/32/293_2.png) [@ochotona](https://community.clark.com/u/ochotona)\
**Post date:** [November 18, 2022, 8:23am UTC](https://community.clark.com/t/question-for-clark-brokerage-money-market/1661/2 "2022-11-18T08:23:45Z")

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Personally I think there is risk in MMs. I use the SGOV ETF, also not insured but the underlying investments are just US Treasury Bills. MMs are a weird soup made up of… Stuff I don’t understand.

SGOV yields about 3.5%

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**Author:** ![p1g1](https://avatars.discourse-cdn.com/v4/letter/p/cab0a1/32.png) [@p1g1](https://community.clark.com/u/p1g1)\
**Post date:** [November 22, 2022, 2:31am UTC](https://community.clark.com/t/question-for-clark-brokerage-money-market/1661/3 "2022-11-22T02:31:40Z")

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I also moved cash from an online bank to Vanguard Money Market Funds due to the higher yield. Money Market Funds particularly those that invest in U.S. Government securties are safe. Most secure are the Money Market Funds that invest in U.S. Treasuries. Vanguard money market funds tend to have higher yields than those of Fidelity or Schwab due to lower expense ratios. There is a good review article about Money Market Funds by Harry Sit:

> **[The Ultimate Guide to Money Market Fund vs. High Yield Savings Account (2022)](https://thefinancebuff.com/money-market-fund-high-yield-savings-account-guide.html)**
>
> The yield on money market funds automatically rises with the market while banks drag their feet in raising the yield on savings accounts.

Note that Money Market **Funds** are different than Money Market **Accounts** offered by banks and credit unions.