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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.

Money Market Funds

Schwab’s purchased money market funds are designed for both short-term investment and longer-term cash investing needs. A convenient way to produce income, they generally provide higher yields than sweep money market funds. Features include:

  • Stable capital objective
  • A choice of funds that offer taxable or tax-free income
  • Low initial investments starting at $2,500

Sweep Money Market Funds and Other Cash Features

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

  • The Schwab One® Interest feature pays you interest on cash awaiting investment.
  • If you have $500,000 or more in household assets, you can choose a sweep money market fund that automatically invests in and redeems funds from a money market mutual fund.
  • The Schwab Bank sweep feature1 automatically makes deposits to and withdrawals from deposit accounts at Charles Schwab Bank, an FDIC-insured depository institution affiliated with Schwab.

Schwab Money Market Funds

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.

Here are some of the benefits of Schwab money market funds:

  • Money market funds are considered less volatile than individual stocks or stock funds, and can help reduce your portfolio’s overall volatility.
  • They are designed for next-business-day liquidity and are actively bought and sold like other mutual funds.
  • There are no fees for buying or selling.
  • They can provide either taxable or tax-free income.

Sweep Money Market Funds

Schwab’s sweep money market funds automatically invest your brokerage account’s uninvested cash in a sweep money market fund at the end of each business day. If you have $500,000 or more in household assets, you may request a sweep fund through your Schwab Financial Consultant. Learn more by reading our Schwab Money Market Funds Monthly Performance Summary Report.

Money Market Fund News & Updates

Latest on SEC Money Fund Reform
Schwab Treasury Obligations Money Fund Soft Closure FAQs

Schwab Money Market Fund Yields

 
SW2XX
Schwab Investor Money Fund™
0.01 0.01 Initial and Min. Bal: $2,500 0.64% Trade
SNOXX
Schwab Treasury Obligations Money Fund™ – Value Advantage Shares
0 0 Fund closed to new investors
Min Bal: $20,000/$15,000 IRA
0.45% Trade
SWVXX
Schwab Value Advantage Money Fund – Investor Shares
0.01 0.01 Initial: $25,000/$15,000 IRA,
Min Bal: $20,000/$15,000 IRA
0.45% Trade
7-Day Yields as of 10/20/2014

 
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 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% 0.019 Trade
7-Day Yields as of 10/20/2014

   
SNAXX
Schwab Value Advantage Money Fund®—Institutional Prime Shares™
0.01 0.01 -0.13 Initial and Min. Bal: $10,000,000 0.21% Trade
SWAXX
Schwab Value Advantage Money Fund®—Institutional Shares
0.01 0.01 -0.123 Initial and Min. Bal: $3,000,000 0.24% Trade
SWBXX
Schwab Value Advantage Money Fund®—Select Shares
0.01 0.01 -0.123 Initial and Min. Bal: $1,000,000 0.35% Trade
SWOXX
Schwab Municipal Money Fund™ —Institutional Shares6, 7
0.01 0.01 -0.3 Initial and Min. Bal: $3,000,000 0.24% 0.018 Trade
SWLXX
Schwab Municipal Money Fund™ — Select Shares® 6, 7
0.01 0.01 -0.19 Initial and Min. Bal: $1,000,000 0.35% 0.018 Trade
7-Day Yields as of 10/20/2014

   
SWSXX
Schwab Cash Reserves™
0.06 0.06 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 0 Households with $500,000 or more in assets 0.72%
SNTXX
Schwab Treasury Obligations Money Fund™  — Sweep Shares
0 0 Fund closed as sweep option for new accounts 0.65%
SWUXX
Schwab U.S. Treasury Money Fund™
0 0 Fund closed as sweep option for new accounts 0.60%
7-Day Yields as of 10/20/2014

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 AMT Tax-Free Money Fund™ — Sweep Shares™
0.01 0.01 Households with $500,000 or more in assets 0.019 0.65%
SWNXX
Schwab NY AMT Tax-Free Money Fund™ — Sweep Shares™
0.01 0.01 Households with $500,000 or more in assets 0.019 0.65%
SWJXX
Schwab NJ AMT Tax-Free 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%

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 view, download, and print a prospectus by clicking on Prospectuses and Reports. Please read the prospectus carefully before investing.

An investment in a money market fund is neither insured nor guaranteed by the FDIC or any other government agency. Yields will fluctuate, and, although the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the fund. Compared to the total return, the seven-day yield more closely reflects the current earnings of the fund.

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