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Do Money-Market Funds Still Make Sense?

For short-term needs, yes; but better yields are available elsewhere

For the past few years, investors could probably have made more money by picking up loose change from the sidewalk than by investing in a money-market mutual fund.

Money funds are likely to regain appeal once interest rates rise again. Historically, when rates start moving upward, money-fund yields quickly follow, unlike those of bank savings accounts, which can lag.