Money Market Funds

[Kezberg (Kieran)]

Hi, just wondering if anyone can help with this, or raising this as a potential idea if it isn’t available.

Has anyone found any decent money market funds that can be accessed using the Freetrade platform? Something akin to this on vanguard:

https://www.vanguardinvestor.co.uk/investments/vanguard-sterling-short-term-money-market-fund-investor-gbp-income-shares/overview

I’d really like to have the option of parking money in a money market fund in order to keep a competitive interest rate given how bad banks are at passing cash rates on to savings. It would also mean using the ISA allowance which is a nice benefit and adds flexibility to investing the money later down the line.

Best I have been able to find is £ERNS which seems like a decent option but still looks potentially like a slightly higher risk option to a true money market account.

Thoughts welcome!

[PoemofXtasy]

Any one know on this?

[J4ipod94]

Yes there have been quite a few added. You should have got a pop up in the app with further details. Search “Money market” in the app

[PoemofXtasy]

Thank you

[PoemofXtasy]

Does anyone know the risks with these?

Basically, I will go over the PSA so looking to put my cash savings somewhere in my Freetrade ISA with very low risk and at least a little return

[Coolsmp]