Money market funds provide you with a great way to save money for your short-term or long-term investment needs. A money market fund is different from a money market account as the money in a fund will be used to invest it into low-risk securities. Why do many people turn to money market funds when they are looking to grow their money? The biggest reason is due to the low-risk investment that these funds provide you with but the downside is that they are not backed by the FDIC. Money Market … [Read more...]