Page 5 - Crane Data News Today

Customers have added $153 billion to the money market funds of the Boston-based financial services giant since September, bringing its total money fund assets to $1.1 trillion.

Choosing between a money market account or money market fund, as the best place for your savings, largely depends on the moneys purpose.

The Wall Street firm is predicting U.S. households will be net sellers of $750 billion in equities this year.

California, New York and Connecticut have a tougher rule for tax deductions on the percentage of annual dividends that came from short-term Treasury securities.

Clients moved money from two Schwab Value Advantage Money funds, the largest redemptions in at least six months.

Liquid assets have often ended up at big banks or in sweep programs, which look much less attractive for clients' yields every time the Fed raises interest rates.

Crane Data brings you money market mutual fund news, information, intelligence and data.

Cut back on stock and bond holdings, and focus on money market funds, C.D.s, Treasury bills and other options that are now offering high yields, our columnist says.

Forget high-yield savings accounts (if you can find them). Money-market funds are having a moment.

One upside of the Fed’s inflation fight has been a surge in the rates paid by mutual funds that invest mostly in short-term government bonds.