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Schwab Money Market Funds

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Keep your money liquid while earning interest. Our money market funds are designed for income, stability, and convenient access to your money. Schwab offers a variety of taxable and tax-free funds for you to choose from. Sweep money market funds are also available for those who qualify.*

Cash Features 

Schwab's cash features enable you to earn income on cash awaiting investment, or "free credit balance," in your brokerage account:

  • Schwab Bank Sweep** automatically makes deposits to and withdrawals from deposit accounts at Charles Schwab Bank, an FDIC-insured depository institution affiliated with Schwab, and pays you interest on your cash awaiting investment.
  • Schwab One® Interest pays you daily taxable interest on your cash awaiting investment.  

Purchased Money Market Funds

Schwab's purchased money market funds are designed for both short-term investment and longer-term cash investing needs. They invest exclusively in dollar-denominated, high-quality, short-term instruments, including but not limited to securities issued by the federal government, corporations, municipalities, and banks. A convenient way to produce income, they generally provide higher yields than cash features, but they must be actively bought and sold like other mutual funds. Features include:

  • Stable capital objective  
  • A choice of funds that offer taxable or tax-free income
  • Low initial investments starting at $2,500
  • Considered less volatile than individual stocks or stock funds, and can help reduce your portfolio’s overall volatility.
  • Designed for next-business-day liquidity and are actively bought and sold like other mutual funds.
  • No fees for buying or selling

Money Market Fund News & Updates

Latest on SEC Money Fund Reform

Schwab Money Market Fund Yields

7-Day Yields as of 12/5/2016
Efffective Yield (%) Current Seven-Day Yield (%)  
SNOXX
Schwab Treasury Obligations Money Fund™ – Value Advantage Shares
0.11 0.11 Initial: $25,000/ $15,000 IRA
Min Bal: $20,000/$15,000 IRA
0.45% Trade
SNVXX Schwab Government Money Fund – Purchased Shares 0.11 0.11 Initial: $25,000/ $15,000 IRA
Min Bal: $20,000/ $15,000 IRA
0.57% Trade
SWVXX
Schwab Value Advantage Money Fund – Investor Shares
0.427 0.426 Initial: $25,000/$15,000 IRA,
Min Bal: $20,000/$15,000 IRA
0.45% Trade
SW2XX
Schwab Investor Money FundTM13
0.332 0.331 Initial and Min. Bal: $2,500 0.64% Trade
7-Day Yields as of 12/5/2016

 
SWTXX
Schwab Municipal Money Fund™ — Value Advantage Shares™
0.185 0.184 Initial: $25,000/$15,000 IRA
Min. Bal: $20,000/$15,000 IRA
0.45% 0.326 Trade
SWWXX
Schwab AMT Tax-Free Money Fund™ — Value Advantage Shares™
0.197 0.197 Initial: $25,000/$15,000 IRA
Min. Bal: $20,000/$15,000 IRA
0.45% 0.348 Trade
SWKXX
Schwab CA Municipal Money Fund™ — Value Advantage Shares™
0.177 0.177 Initial: $25,000/$15,000 IRA
Min. Bal: $20,000/$15,000 IRA
0.45% 0.357 Trade
SWYXX
Schwab NY Municipal Money Fund™ — Value Advantage Shares™
0.166 0.166 Initial: $25,000/$15,000 IRA
Min. Bal: $20,000/$15,000 IRA
0.45% 0.322 Trade
7-Day Yields as of 12/5/2016

   
SNAXX
Schwab Value Advantage Money Fund® — Ultra Shares
0.633 0.631 0.491 Initial and Min. Bal: $10,000,000 0.21% N/A Trade
SWAXX
Schwab Value Advantage Money Fund® — Premier Shares
0.602 0.601 0.468 Initial and Min. Bal: $3,000,000 0.24% N/A Trade
SWBXX
Schwab Value Advantage Money Fund®—Select Shares
0.527 0.526 0.393 Initial and Min. Bal: $1,000,000 0.35% N/A Trade
SWOXX
Schwab Municipal Money Fund® — Premier Shares5, 11
0.39 0.389 0.083 Initial and Min. Bal: $3,000,000 0.24% 0.688 Trade
SWLXX
Schwab Municipal Money Fund™ — Select Shares® 5, 11
0.285 0.284 0.088 Initial and Min. Bal: $1,000,000 0.35% 0.503 Trade
7-Day Yields as of 12/5/2016

   
SWSXX
Schwab Cash Reserves™
0.237 0.237 Limited availability* 0.66%
SWMXX
Schwab Money Market Fund™
0.053 0.053 Fund closed to new accounts 0.71%
SWGXX
Schwab Government Money Fund™
0.01 0.01 Limited availability* 0.72%
SNTXX
Schwab Treasury Obligations Money Fund™  — Sweep Shares
0.01 0.01 Fund closed as sweep option for new accounts 0.65%
SWUXX
Schwab U.S. Treasury Money Fund™
0.01 0.01 Fund closed as sweep option for new accounts 0.60%
7-Day Yields as of 12/5/2016

SWFXX
Schwab AMT Tax-Free Money Fund™
0.027 0.027 Limited availability* 0.048 0.62%
SWDXX
Schwab MA Municipal Money Fund™ — Sweep Shares™
0.01 0.01 0.019 0.65%
SWNXX
Schwab NY Municipal Money Fund™ — Sweep Shares™
0.01 0.01 0.019 0.65%
SWJXX
Schwab NJ Municipal Money Fund™ — Sweep Shares™
0.01 0.01 0.019 0.65%
SWEXX
Schwab PA Municipal Money Fund™ — Sweep Shares
0.01 0.01  0.018 0.65%
SWXXX
Schwab Municipal Money Fund™ — Sweep Shares
0.064 0.064 0.113 0.62%
SWCXX
Schwab CA Municipal Money Fund™ — Sweep Shares
0.028 0.027 0.055 0.60%
7-Day Yields as of 12/5/2016
SVUXX
Schwab Variable Share Price Money Fund™ – Ultra Shares
0.59 0.588 0.226 Initial and Min. Bal: $10,000,000 0.21%

Take the next step.

Open a Schwab money market fund today.

For details, call 800-880-9217.


Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value


PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by clicking Investor Information or calling Schwab at 800-435-4000. Please read the prospectus carefully before investing. Investment value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost.

You could lose money by investing in a money market fund. All Schwab Money Funds with the exception of Schwab Variable Share Price Money Fund seek to preserve the value of your investment at $1.00 per share, but cannot guarantee they will do so. Because the share price of Schwab Variable Share Price Money Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. Effective October 14, 2016, all Schwab Money Funds with the exception of Schwab Government Money Fund, Schwab Treasury Money Fund, Schwab Treasury Obligations Fund, Schwab Retirement Government Money Fund and Schwab Government Money Market Portfolio may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors.  An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The money market fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

Schwab Variable Share Price Money Fund:  You could lose money by investing in a money market fund. Because the share price of the fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. Effective October 14, 2016, the fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors.  An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.


Performance data quoted represents past performance and does not indicate future results.