The interest income generated by these funds is typically subject to federal income tax. Instead, it is a direct reflection of the yields on the underlying short-term debt within the fund's portfolio.
Fidelity Tax Exempt Money Market High Tax Bracket Income and Rate Insights
This stability is achieved through the extremely low risk profile of the assets held and the very short average maturity of the portfolio. , Prime Portfolio vs.
Comparing Fidelity Money Market Strategies Not all money market funds are created equal, and Fidelity offers a spectrum of options to suit different investor objectives. Consequently, the quoted rate you see reflects the annualized income distributed over the recent period, providing a snapshot of the current return you can expect.
Fidelity Tax Exempt Money Market High Tax Bracket Income Strategies
How Fidelity Money Market Rates Are Determined The yield on Fidelity money market rates does not stem from a single benchmark like the Prime Rate or the Federal Funds Rate. The credit quality of the issuers of the underlying securities.
More About Fidelity investments money market rates
Looking at Fidelity investments money market rates from another angle can help expand the discussion and give readers a second clear paragraph under the same section.
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