Designed to provide high liquidity with lower risk, stability of capital and typically higher yields than some other cash products 7 day yield is what the interest averaged over the previous 7 days… but the number is annualized so if it says 5% that means if it stayed the same that it was the last seven days for a full year you would get 5% over the course of the year. Money market funds are available primarily as mutual funds, but schwab also offers one exchange traded fund (etf).
Swvxx | a complete schwab prime advantage money fund;inv mutual fund overview by marketwatch Hold for a day you get one day worth of interest View mutual fund news, mutual fund market and mutual fund interest rates.
Learn more about dividend stocks, including information about important dividend dates, the advantages of dividend stocks, dividend yield, and much more in our financial education center.
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