The 5 Best Charles Schwab Money Market Funds in 2024: A Strategic Approach to Stable Investing

In the world of investment, finding the right balance between risk and return is crucial, and money market funds have long been a cornerstone of a well-diversified portfolio. As we enter 2024, Charles Schwab, a titan in the investment world, offers an array of money market funds that stand out for their stability, performance, and reliability.

This article aims to illuminate the top five Charles Schwab money market funds in 2024, providing investors with key insights into each fund’s characteristics, performance metrics, and suitability for different investment goals.

Whether you’re a seasoned investor or new to the financial markets, understanding these options can be pivotal in making informed and strategic investment decisions.

1. Charles Schwab Government Money Fund

The Charles Schwab Government Money Fund is ideal for conservative investors looking for stability and security. This fund invests primarily in U.S. government obligations, making it a low-risk option. It’s an excellent choice for those seeking a safe haven, especially in volatile market conditions.

The fund typically offers competitive yields compared to similar investment vehicles and is backed by the full faith and credit of the U.S. government, adding an extra layer of security.

2. Charles Schwab Treasury Obligations Money Fund

For investors who prioritize capital preservation but still seek some income, the Charles Schwab Treasury Obligations Money Fund is a top contender. This fund invests exclusively in U.S. Treasury obligations.

While it may offer lower yields compared to more aggressive funds, its focus on Treasury securities makes it one of the safest investment options, free from state and local taxes. It’s particularly suited for risk-averse investors and those looking to park their cash in a secure place in the short term.

3. Charles Schwab Municipal Money Fund

The Charles Schwab Municipal Money Fund is tailored for investors seeking tax-exempt income. It primarily invests in high-quality, short-term municipal securities. This fund is a smart choice for those in higher tax brackets, as it offers tax-exempt income at the federal level and, in some cases, at the state level. The fund’s focus on municipal securities also provides a level of diversification away from the corporate debt market.

4. Charles Schwab Value Advantage Money Fund

This fund is designed for investors seeking a balance between competitive yields and low risk. The Charles Schwab Value Advantage Money Fund invests in a mix of high-quality, short-term corporate and bank debt securities. It’s known for its higher yield potential compared to other money market funds, making it an attractive option for those willing to accept slightly more risk for better returns.

5. Charles Schwab 100% Treasury Money Fund

For the utmost in safety, the Charles Schwab 100% Treasury Money Fund invests exclusively in U.S. Treasury bills, notes, and other obligations. It offers investors the security of a government-backed fund with the added benefits of liquidity and stability. This fund is particularly appealing during times of economic uncertainty or when a conservative investment approach is favored.


Charles Schwab’s money market funds offer diverse options to suit various investment preferences, balancing risk and return in a way that aligns with individual financial goals. From the safety of government-backed securities to the slightly more adventurous corporate debt markets, these top five funds in 2024 provide a spectrum of choices for investors seeking to preserve capital, earn income, or both.

As with any investment decision, it’s essential to consider personal investment objectives, risk tolerance, and the market environment. Consulting with a financial advisor can also provide tailored advice to help navigate the ever-changing financial landscape.