Understanding where to park your cash for both safety and a decent return is a common financial goal. For many, a money market account or money market fund is a go-to option. If you're an Edward Jones client, or considering becoming one, you're likely wondering: How much is Edward Jones money market paying?
This comprehensive guide will walk you through everything you need to know about Edward Jones money market offerings, current rates, and how to make informed decisions for your financial well-being.
Step 1: Let's Clarify What You Mean by "Edward Jones Money Market"
Before we dive into numbers, it's crucial to understand that "Edward Jones money market" can refer to a couple of different things, and their associated rates will vary. Are you looking for:
- The Edward Jones Money Market Fund (JNSXX/JRSXX)? This is a specific mutual fund designed to maintain a stable net asset value (NAV) of $1.00 per share, focusing on stability of principal and current income. It's often used as a "sweep" option for uninvested cash in brokerage accounts.
- Interest on Uninvested Cash Balances? This refers to the interest rate Edward Jones pays on any cash you have sitting in your account that isn't actively invested in a specific security. This is often a very low rate, separate from a dedicated money market fund.
- Other Cash Management Options? Edward Jones also offers other short-term, low-risk options like FDIC-insured Certificates of Deposit (CDs) or U.S. Treasury Bills, which will have different rates.
For the purpose of this guide, we'll primarily focus on the Edward Jones Money Market Fund (JNSXX for Investment Shares, JRSXX for Retirement Shares), as this is typically what people refer to when asking about "Edward Jones money market paying."
Step 2: Understanding Money Market Fund Yields
Money market funds, like the Edward Jones Money Market Fund, report their earnings through a "7-day current yield" or "7-day annualized yield." This is different from a fixed interest rate you might see on a savings account or CD.
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What is the 7-Day Current Yield? This yield represents the average net income per share for the most recent seven-day period, annualized. It's a snapshot of recent performance and will fluctuate as market conditions change. It's a good indicator of what the fund has been paying recently, but it's not a guarantee of future returns.
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Why does it fluctuate? Money market funds invest in short-term, highly liquid debt instruments. Their yields are closely tied to prevailing short-term interest rates in the broader market, which are influenced by factors like Federal Reserve policy, inflation, and economic growth. When the Federal Reserve raises interest rates, money market yields generally tend to go up, and vice-versa.
Step 3: Finding the Current Edward Jones Money Market Fund Rate (JNSXX/JRSXX)
As of June 12, 2025, the Edward Jones Money Market Fund has the following 7-day current yields:
- Investment Shares (JNSXX): 3.65%
- Retirement Shares (JRSXX): 3.65%
It's important to note that these rates are subject to change daily. To get the most up-to-date information, you should:
- Edward Jones Website: Visit the "CD, Bond & Interest Rates" section of the Edward Jones website. They typically publish their money market fund rates there.
- Contact Your Edward Jones Financial Advisor: Your dedicated financial advisor can provide you with the very latest yield information and discuss how the fund fits into your overall financial strategy.
- Morningstar or Other Fund Trackers: Financial data websites like Morningstar track the performance and yields of mutual funds, including the Edward Jones Money Market Fund (JNSXX).
Sub-heading: Historical Context for Edward Jones Money Market Fund Performance
While current yield is important, it's also helpful to look at historical performance to understand how the fund has behaved over time. Keep in mind that past performance is not a guarantee of future results.
Looking at trailing returns for JNSXX (Investment Shares):
- 1-Month Trailing Return: 0.21%
- 3-Month Trailing Return: 0.65%
- YTD (Year-to-Date) Return: 1.11%
- 1-Year Trailing Return: 2.82%
- 3-Year Trailing Return (Annualized): 2.68%
- 5-Year Trailing Return (Annualized): 1.60%
- 10-Year Trailing Return (Annualized): 1.05%
These figures highlight that while the 7-day yield provides a current snapshot, the average return over longer periods can differ, reflecting market cycles and changes in interest rates.
Step 4: Comparing Edward Jones Money Market to Other Options
Now that you know what Edward Jones money market is paying, it's wise to compare it to other available options to ensure you're getting the best return for your cash, given your risk tolerance and liquidity needs.
Sub-heading: High-Yield Savings Accounts
Many online banks offer high-yield savings accounts that can compete with or even exceed money market fund yields, often with FDIC insurance up to the standard limits. These accounts are very liquid, making your money easily accessible.
Sub-heading: Certificates of Deposit (CDs)
For money you don't need for a specific period, CDs can offer higher, guaranteed interest rates for a fixed term (e.g., 3 months, 1 year, 5 years). Edward Jones also offers FDIC-insured CDs with various terms. For instance, as of June 12, 2025, Edward Jones was offering:
- 3-month CD: 4.40% APY
- 6-month CD: 4.40% APY
- 1-year CD: 4.30% APY
Note: These are examples and current rates will vary.
Sub-heading: U.S. Treasury Bills
These are short-term debt instruments issued by the U.S. government. They are considered extremely safe and are exempt from state and local income taxes. Edward Jones also provides access to U.S. Treasury Bills. As of June 12, 2025, some example yields were:
- 3-Month Treasury Bill: 4.026% YTM
- 6-Month Treasury Bill: 4.074% YTM
Again, these are examples and current rates will vary.
Step 5: Deciding if Edward Jones Money Market is Right for You
The Edward Jones Money Market Fund, or any money market offering, serves a specific purpose in a diversified financial plan.
Sub-heading: Pros of Edward Jones Money Market Fund
- Stability of Principal: The primary objective of a money market fund is to maintain a stable Net Asset Value (NAV) of $1.00 per share, making it a relatively safe place for your cash.
- Liquidity: You can typically access your funds easily through check-writing, debit card access (if applicable), or transfers. Edward Jones aims for prompt availability of funds.
- Convenience: For Edward Jones clients, it acts as a convenient sweep option for uninvested cash, ensuring your money is earning something rather than sitting idle.
- Diversification: While low-risk, the fund diversifies across various short-term debt instruments.
Sub-heading: Cons of Edward Jones Money Market Fund
- Lower Returns than Other Investments: Compared to stocks, bonds, or even some CDs, money market funds typically offer lower returns, especially in a low-interest-rate environment.
- Not FDIC Insured: Unlike a bank savings account or CD, money market funds are not FDIC-insured. While they aim to maintain a stable NAV, there's a small theoretical risk of "breaking the buck" (NAV falling below $1.00), though this is extremely rare for prime money market funds.
- Fees and Expenses: Like all mutual funds, money market funds have operating expenses that can impact their net yield. You should consult the fund's prospectus for details on fees.
Step 6: How to Invest in the Edward Jones Money Market Fund
If, after considering the pros and cons, you decide the Edward Jones Money Market Fund aligns with your financial goals, here's how to typically access it:
- Contact Your Edward Jones Financial Advisor: This is the primary and most straightforward way. Your advisor can explain the fund in detail, confirm the latest rates, and help you set it up as a sweep option for your uninvested cash or make a direct investment.
- Existing Edward Jones Account Holders: For many Edward Jones clients, the Edward Jones Money Market Fund is the default sweep vehicle for uninvested cash in their brokerage or retirement accounts. This means any cash that isn't actively invested in other securities will automatically move into the money market fund.
- Making Additional Deposits: You can usually make additional deposits into your Edward Jones account, which will then be swept into the money market fund. This can be done via direct deposit, check, or electronic transfers. Be aware of the availability of funds schedule, as it might take a few business days for funds to settle and start earning money market dividends.
- Review the Prospectus: Before investing, always review the fund's prospectus. It contains vital information about the fund's objective, strategies, risks, and fees.
Step 7: Monitoring Your Money Market Performance
Once you've invested, it's good practice to periodically check the fund's performance.
- Regular Account Statements: Edward Jones will provide you with regular statements that show your account balance and any interest earned.
- Online Access: You can typically log in to your Edward Jones online account to view your holdings and potentially see current fund performance.
- Consult Your Financial Advisor: Your Edward Jones financial advisor can help you track the fund's performance and discuss any changes in market conditions that might impact its yield.
Frequently Asked Questions about Edward Jones Money Market
Here are 10 related FAQ questions with quick answers to further assist you:
How to find the current Edward Jones money market rates? You can find the most current rates on the Edward Jones website under their "CD, Bond & Interest Rates" section, or by contacting your Edward Jones financial advisor directly.
How to open an Edward Jones money market account? The Edward Jones Money Market Fund is typically available as a cash sweep option within an Edward Jones brokerage or retirement account. You'll need to open a full investment account with an Edward Jones financial advisor to access it.
How to transfer money into Edward Jones money market? If it's your sweep account, money deposited into your Edward Jones investment account (via direct deposit, check, wire transfer) will automatically be swept into the money market fund. You can also specifically request to invest in the fund through your advisor.
How to withdraw money from Edward Jones money market? You can typically withdraw funds by requesting a transfer to your linked bank account, writing a money market check (if enabled), or using an Edward Jones debit card.
How to tell if my Edward Jones account has a money market sweep? Your account statements or your Edward Jones financial advisor can confirm if the Edward Jones Money Market Fund is your default cash sweep option.
How to compare Edward Jones money market to other banks? You should compare the 7-day current yield of the Edward Jones Money Market Fund with the Annual Percentage Yield (APY) offered by high-yield savings accounts and money market accounts at other banks, and consider FDIC insurance status.
How to understand the risks of an Edward Jones money market fund? While considered low-risk, money market funds are not FDIC-insured and their value can fluctuate slightly (though they aim for a stable $1.00 NAV). Review the fund's prospectus for a full disclosure of risks.
How to get a better return than Edward Jones money market? For potentially higher returns, consider Edward Jones CDs, U.S. Treasury Bills, or other investment products like bonds or diversified mutual funds, depending on your risk tolerance and investment horizon.
How to know if Edward Jones money market is right for my emergency fund? The Edward Jones Money Market Fund can be suitable for emergency funds due to its stability and liquidity, but always weigh its yield against other highly liquid, low-risk options like high-yield savings accounts that offer FDIC insurance.
How to contact an Edward Jones financial advisor to discuss money market options? You can find a local Edward Jones financial advisor on their website by searching by zip code or name, or call their general customer service line for assistance.
