Money market funds

A low-risk place to park your cash

Why choose our money market fund

Low risk

A place to hold your savings, while still earning you interest.

Low cost

The annual fund charge for our money market fund is just 0.12%.


Our money market fund holds a mix of over 60 low-risk assets.

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What is a money market fund?

A money market fund is a low-risk investment that gives you a place to hold rather than grow your savings, while aiming to give you a slightly higher return than cash.

Instead of investing in bonds or shares, like most funds, it invests in short-term debt. For example, our Vanguard Sterling Short-Term Money Market Fund buys short-term debt from governments, banks and companies with strong balance sheets and high credit ratings. This then pays a small return as interest.

This makes a money market fund a stable, low-risk investment because the short timeframes mean there’s less uncertainty. And it’s also more diversified than holding cash at one bank.

Why invest in a money market fund?

Because it's low risk, a money market fund can be a good place to park your money. There are a few reasons why you might find that useful as an investor.

Perhaps you're not sure what to invest in yet and need somewhere to keep your cash until you decide. Or maybe you're planning on spending your savings soon.

Even though a money market fund Is a low-risk investment, it's still an investment. It could go down in value and you could get back less than you put in.

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Important things you need to know before you invest

Low returns may not be suitable for growing your savings in the long term.

Even though it's a low-risk investment, there's still a chance the value of your investments could fall you might not get back what you invested.

It isn't suitable if you need instant access to your cash.

Please note an investment in a money market fund is not a guaranteed investment. It is different from an investment in deposits in that the value of an investment in a money market fund may fall or rise and the investor may get back less than they invested.

Money market funds do not rely on external support for guaranteeing the liquidity of the money market fund or stabilising the Net Asset Value per Share and the risk of loss of the amount invested shall be borne by the investor.