What is a money market fund?
These funds typically aim to provide a cash-like level of return, although this can vary between funds and the Key Investor Information Document (KIID) will record each fund’s specific aims.
Because they invest in a portfolio of short term securities, money market funds offer a relatively high level of liquidity at a relatively low level of risk. However, while they offer some stability compared to other, riskier investments, returns are not guaranteed.
These funds are suited to investors with short term goals, or those looking to lower the risk of their investment portfolio. They may not be suitable for longer term investment needs.
Money market funds available on our platform
We have a number of money market funds on our platform. The list below is for new and existing customers on charge basis 3. Existing customers on charge basis 1 and 2 can find a list of funds in the fund centre or our funds list.
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Money market funds available for new and existing customers on charge basis 3 |
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Abrdn Standard Liquidity (Lux) |
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BlackRock Cash |
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BlackRock ICS Sterling Government Liquidity |
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BlackRock ICS Sterling Liquid Environmentally Aware |
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BlackRock ICS Sterling Liquidity |
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Fidelity Cash OEIC |
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Invesco Money (UK) |
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L&G Cash Trust |
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Lombard Odier Funds - Short-Term Money Market |
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Premier Miton UK Money Market |
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Royal London Short Term Money Market |
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Vanguard Sterling Short-Term Money Market |
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WS Canlife Sterling Liquidity |
How do money market funds differ from the cash facility and cash savings?
The cash facility
Our ISA, Junior ISA (JISA), Collective Investment Account (CIA) and Collective Retirement Account (CRA) have their own cash facility.
The cash facility’s main purpose is to support the efficient running of investments by avoiding small trades that could limit other activity. For example, paying for fees and charges, or when making payments in and out.
The cash facility is designed for short term use and not for holding cash over a number of months or years.
The cash facility is not invested in money market funds, it is held in a range of bank accounts. It pays a set amount of interest which is paid each month.
For customers invested in our Collective Investment Bond (CIB), cash cannot be selected as an investment option and is only used transactionally. No interest is paid on this transactional cash.
Cash savings
We also offer a range of cash savings accounts on the CashHub.
The CashHub provides access to a choice of cash savings accounts from a range of banks and building societies. You can access the CashHub and view these accounts using your Quilter login, but the accounts are separate to any investment products (such as a pension or ISA) that are held with us.
The savings accounts pay interest on savings and the rates will vary depending on which account is chosen.
All of the savings accounts are eligible for protection up to Financial Services Compensation Scheme limits (subject to individual FSCS criteria).
You can find out more about the CashHub and what accounts and rates of interest are available on our dedicated webpage.
Fund centre
Visit the fund centre or view the funds list to find out more information on the money market funds available on our platform. To find the funds use the filters to select ‘IA Standard Money Market’ or ‘IA Short Term Money Market’.