In a ShareBuilder account, the Money Market Fund is one place where your uninvested cash is held, depending on your cash sweep preference. The money market fund we use is Dreyfus Government Money Market Fund (DGCXX).
Basically, if your cash sweep preference is set to Money Market Fund, all of your deposits get "swept" into the money market fund. Cash to pay for purchases and proceeds from sale transactions are transferred automatically from/to the fund on the settlement date.
To find the current annualized yield of this money market fund, go to our Pricing & Rates page and look for the Sweep Rates in-page tab.
Important Information about this Money Market Fund
An investor should consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. This and other important information is contained in the prospectus which should be read carefully before investing.
Yield and return will vary. Performance data and other information may be obtained by calling 1-800-373-9387 from 8 AM to 6 PM ET, Monday through Friday.
An investment in the fund is not a deposit in a bank, and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.