Prime Money Market Funds

Prime Money Market Funds are investment funds that pool investors’ money to buy short-term, high-quality debt instruments from corporations and financial institutions. They aim to offer a safe place to park cash while providing higher returns than regular savings accounts. These funds are highly liquid, meaning you can typically access your money quickly. They are commonly used by businesses and individuals seeking a low-risk means to earn some interest while maintaining quick access to funds. However, like all investments, they carry some risk, though generally considered very safe.