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MONEYWEB LIVESTREAM Both Money Market Accounts and Money Market Funds are designed to house funds earmarked for shorter-term use. 11 May 2021 06:50 Image: Waldo Swiegers/Bloomberg Because their names are so similar, many people are unaware of the differences between a Money Market Account and a Money Market Fund and, as a consequence, are not aware of the different purposes that these two structures are designed to achieve. Money market accounts and funds are very different in respect of how they are regulated and structured, what interest is paid or earned, how fees are charged, the risk that they present to the consumer, and how they should best be incorporated into one’s portfolio to ensure they are fit for purpose.

Money market fundFinancial sector conduct authorityMoney market account or fundMoney market accountMoney market accountsNotice depositCollective investment schemeCollective investment schemes controlMoney market fundsNegotiable certificatesபணம் சந்தை நிதிநிதி துறை நடத்தை அதிகாரம்பணம் சந்தை எண்ணுதல்பணம் சந்தை கணக்குகள்அறிவிப்பு வைப்புகூட்டு முதலீடு திட்டம்