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The yield is quoted as 4.48%, or whatever, typically does this include the fees the fund managers collect?

2007-03-06 08:31:19 · 2 answers · asked by Chris M 1 in Business & Finance Investing

2 answers

The quoted rate is after the fund collects its fees. There is no such thing as a "free lunch." You can be sure those banks the first responder mentioned do NOT work for nothing. Just like money market funds, the banks lend out the money at rates that are more than the 5% they give you. The difference is their profit or "fees."

2007-03-06 11:33:50 · answer #1 · answered by gosh137 6 · 0 0

No I don't beleve it does! But you can get a high yield money market fund without fees! Here are some:

www.amtrustdirect.com 5.36%
www.emigrant-direct.com 5.05%
www.capitalonesaving.com 5.00%

2007-03-06 08:44:25 · answer #2 · answered by ballin2crazy2003 2 · 0 0

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