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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 money's 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.