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Schwab Money Market Funds

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Our money market funds are designed to provide stability of capital, liquidity and yield. 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.

Schwab's money market funds 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.

Purchasing Money Market Funds at Schwab offer great benefits 


  • A great capital preservation vehicle for known obligations or to reduce risk in your investment portfolio. 
  • A broad choice of funds that offer taxable or tax-free income
  • Low initial investments starting at $2,500
  • There are no fees for buying or selling. Other account fees, fund expenses and brokerage commissions may apply. See the Charles Schwab Pricing Guide for Individual Investors  for comprehensive details on fees. 

Sweep Money Market Funds

Investors who meet an eligibility requirement of $500,000 or more in combined household assets may also elect to enroll in a service to sweep uninvested funds to a taxable and tax-advantaged money market fund1 —talk to your Financial Consultant or call Schwab to learn more.

Money Market Fund News & Updates

For the Latest—see What You Should Know from Charles Schwab Investment Management

Schwab Money Market Fund Yields

7-Day Yields as of 5/5/2016
 
SNOXX
Schwab Treasury Obligations Money Fund™ – Value Advantage Shares
0.01 0.01 Fund closed to new investors
Min Bal: $20,000/$15,000 IRA
0.45% Trade
SNVXX Schwab Government Money Fund – Purchased Shares 0.01 0.01 Initial: $25,000/ $15,000 IRA
Min Bal: $20,000/ $15,000 IRA
0.57% Trade
SWVXX
Schwab Value Advantage Money Fund – Investor Shares
0.152 0.152 Initial: $25,000/$15,000 IRA,
Min Bal: $20,000/$15,000 IRA
0.45% Trade
SW2XX
Schwab Investor Money Fund™
0.01 0.01 Initial and Min. Bal: $2,500 0.64% Trade
7-Day Yields as of 5/5/2016

 
SWTXX
Schwab Municipal Money Fund™ — Value Advantage Shares™
0.01 0.01 Initial: $25,000/$15,000 IRA
Min. Bal: $20,000/$15,000 IRA
0.45% 0.018 Trade
SWWXX
Schwab AMT Tax-Free Money Fund™ — Value Advantage Shares™
0.01 0.01 Initial: $25,000/$15,000 IRA
Min. Bal: $20,000/$15,000 IRA
0.45% 0.018 Trade
SWKXX
Schwab CA Municipal Money Fund™ — Value Advantage Shares™
0.01 0.01 Initial: $25,000/$15,000 IRA
Min. Bal: $20,000/$15,000 IRA
0.45% 0.02 Trade
SWYXX
Schwab NY Municipal Money Fund™ — Value Advantage Shares™
0.01 0.01 Initial: $25,000/$15,000 IRA
Min. Bal: $20,000/$15,000 IRA
0.45% 0.019 Trade
7-Day Yields as of 5/5/2016

   
SNAXX
Schwab Value Advantage Money Fund® — Ultra Shares
0.357 0.356 0.222 Initial and Min. Bal: $10,000,000 0.21% Trade
SWAXX
Schwab Value Advantage Money Fund® — Premier Shares
0.327 0.326 0.198 Initial and Min. Bal: $3,000,000 0.24% Trade
SWBXX
Schwab Value Advantage Money Fund®—Select Shares
0.252 0.252 0.123 Initial and Min. Bal: $1,000,000 0.35% Trade
SWOXX
Schwab Municipal Money Fund® — Premier Shares6, 7
0.2 0.2 -0.108 Initial and Min. Bal: $3,000,000 0.24% 0.353 Trade
SWLXX
Schwab Municipal Money Fund™ — Select Shares® 6, 7
0.095 0.095 -0.103 Initial and Min. Bal: $1,000,000 0.35% 0.168 Trade
7-Day Yields as of 5/5/2016

   
SWSXX
Schwab Cash Reserves™
0.09 0.09 Households with $500,000 or more in assets 0.66%
SWMXX
Schwab Money Market Fund™
0.01 0.01 Fund closed to new accounts 0.71%
SWGXX
Schwab Government Money Fund™
0.01 0.01 Households with $500,000 or more in assets 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 5/5/2016

SWFXX
Schwab AMT Tax-Free Money Fund™
0.01 0.01 Households with $500,000 or more in assets 0.018 0.62%
SWDXX
Schwab MA Municipal Money Fund™ — Sweep Shares™
0.01 0.01 Households with $500,000 or more in assets 0.019 0.65%
SWNXX
Schwab NY Municipal Money Fund™ — Sweep Shares™
0.01 0.01 Households with $500,000 or more in assets 0.019 0.65%
SWJXX
Schwab NJ Municipal Money Fund™ — Sweep Shares™
0.01 0.01 Households with $500,000 or more in assets 0.019 0.65%
SWEXX
Schwab PA Municipal Money Fund™ — Sweep Shares
0.01 0.01  Households with $500,000 or more in assets 0.018 0.65%
SWXXX
Schwab Municipal Money Fund™ — Sweep Shares
0.01 0.01 Households with $500,000 or more in assets 0.018 0.62%
SWCXX
Schwab CA Municipal Money Fund™ — Sweep Shares
0.01 0.01 Households with $500,000 or more in assets 0.02 0.60%

Note: Keep in mind that performance data quoted below represents past performance and does not indicate future results. Current performance may be lower or higher. 

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 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.

An investment in a money market fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.