Cash refers to any money readily available for spending or investing, including savings accounts, money market accounts, and shorter-term certificates of deposit (CDs). Among taxable money market funds, government funds2 increased by $26.75 billion, and prime funds increased by $3.33 billion. In addition, tax-exempt money market funds increased by $198 million. In today’s market, cash can provide a valuable source of stability and safety. We have seen cash accounts paying 4% or more, and many money market accounts also paying 4 percent.

Source: Forbes June 29, 2023 10:35 UTC