Money Market Savings Accounts (or Money Market Funds) are mutual funds offered by prospectus ONLY.
The prospectus is available directly form the issuing company, and some issuing companies provide their prospectus online via the internet.
The goal of many Money Market Savings Accounts is to seek to maximize current income that is consistent with stability of principal.
Many Money Market Savings Accounts are designed for investors who want to earn income at current money market rates while seeking to preserve principal.
Money Market Funds typically invest in money market instruments, such as: US government issues, foreign corporate issues, domestic corporate issues, bank obligations, commercial paper, repurchase agreements, and the like. (See prospectus for specific investments.)
All money market instruments are US Dollar denominated.
Money Market Funds are NOT FDIC insured.
All Money Market Savings Accounts are held directly at the issuing mutual fund company.
Money Market Fund shares can be redeemed by mail, telephone or wire and check writing is provided.
All Mutual Funds, Variable Annuties and Variable Life Insurance policies are offered by prospectus ONLY.
For complete information including charges and expenses obtain a prospectus, and read it carefully before you invest. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other Government agency.
Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.
Investing in stocks, bonds, mutual funds and variable annuities does not guarantee a profit.
All of these investments can lose money.