Money market fund yields

Updated Nov 3, 2026 · 8 options with a confirmed rate shown on this page

Money market funds hold short-term debt, such as Treasury bills, and pay a yield that tracks short-term interest rates. They are securities, not bank deposits: not FDIC-insured, though held at a brokerage they are covered by SIPC against broker failure. Yields shown are 7-day yields.

8 options
NameTypeAPY / yieldRisk labelMinimumSource
Vanguard Federal Money Market (VMFXX)7-day SEC yield as of 11/02/2026; expense 0.11%; not FDIC, SIPC at broker covers custody not valueMoney market3.89%SIPC$3,000source
Vanguard Treasury Money Market (VUSXX)7-day SEC yield as of 11/02/2026; expense 0.07%Money market3.88%SIPC$3,000source
Schwab Prime Advantage Money Fund (SWVXX)7-day yield (with waivers) as of 11/02/2026Money market3.77%SIPC$0source
Schwab Government Money Fund (SNVXX)7-day yield as of 11/02/2026Money market3.63%SIPC$0source
Schwab U.S. Treasury Money Fund (SNSXX)7-day yield as of 11/02/2026Money market3.62%SIPC$0source
Schwab Treasury Obligations Money Fund (SNOXX)7-day yield as of 11/02/2026Money market3.60%SIPC$0source
Fidelity Government Money Market (SPAXX)Money market3.56%SIPC$0source
Fidelity Treasury Money Market (FZFXX)7-day yield as of 11/02/2026; expense 0.42% (gross); not FDIC, SIPC at broker covers custody not valueMoney market3.55%SIPC$0source

Savings and broker cash show APY. Money market funds show 7-day yield. T-bills show the auction high investment rate (bond-equivalent yield). USDC shows a rewards rate, not interest. Rates checked Nov 3, 2026; they change often, so always confirm on the provider's site. Not financial advice.

Money market yield: top and average over time
Money market yield: top and average over time3.60%3.70%3.80%3.90%4.00%Oct 21Oct 26Nov 3Top, Oct 21: 3.91% (Vanguard Treasury Money Market (VUSXX))Top, Oct 26: 3.94% (Vanguard Treasury Money Market (VUSXX))Top, Oct 27: 3.95% (Vanguard Treasury Money Market (VUSXX))Top, Nov 3: 3.89% (Vanguard Federal Money Market (VMFXX))Average of all listed, Oct 21: 3.69% (7 listed)Average of all listed, Oct 26: 3.70% (7 listed)Average of all listed, Oct 27: 3.71% (7 listed)Average of all listed, Nov 3: 3.69% (8 listed)

History starts Oct 2026. 5 rate checks so far (Oct 21, 2026 to Nov 3, 2026); a point is added each week. The average covers every option we list with a confirmed rate on that date.

What the risk labels mean

FDIC
A bank deposit. If the bank fails, the FDIC covers up to $250,000 per depositor, per bank, per ownership category. Broker "cash sweep" accounts spread money across partner banks to raise that limit.
SIPC
A security held at a brokerage, such as a money market fund. SIPC protects you if the brokerage fails and your assets go missing (up to $500,000, including $250,000 cash). It does not protect against the fund losing value. Government money funds aim for a stable $1 share price, which is not guaranteed.
Treasury-backed
A direct loan to the US government (T-bills). There is no insurance, and none is needed in the usual sense: you are paid by the US Treasury. If you sell before maturity the price can move a little.
Not insured
Crypto stablecoin rewards (USDC). There is no FDIC or SIPC coverage. You depend on the exchange, the stablecoin issuer, and rules that are still being written.
FDIC / SIPC
A mix. For example, part of the balance is held as brokerage cash (SIPC) and the rest is swept to banks (FDIC).

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