No. of Recommendations: 0
Well, I think there haven't been many stories about MMFs 'breaking the buck' but then some MMFs are insured like those at the big companies. is an article about that. Similarly, if you have to use FDIC to get your MMA money how long could that take if an emergency springs up and that Internet bank you used went belly up(It could happen in some cases)? Similarly the other suggestions I made have their issues as well if you want to investigate like I-bonds not being redeemable for 6 months from time of purchase and a penalty if redeemed within 5 years or the GE Interest Plus that seems interesting but I'm not totally sold on it. Some MMFs even have check-writing as something else to point out.

FWIW, most of my emergency money is in Vanguard's Prime MMF.

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