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REDDIT

Does it make sense to use money market funds as a savings account?

I
Apr 4, 2025 · 22:39

Was looking at moving my savings and a CD I own to TMCXX. I live in PA if that matters for tax reasons.

I haven’t purchased a money market fund before so a little new to this. I do need access to these funds in an emergency. Is there any down side to doing this? Currently my flexible CD is only giving me 3.4%.