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Money Market funds vs Bank interest

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aaj123
aaj123 Posts: 518 Forumite
Part of the Furniture 100 Posts Name Dropper Combo Breaker
in Savings & investments
What are the pros and cons of letting your cash earn bank interest vs be invested in a money market fund like 'ROYAL LONDON SHORT TERM MONEY MARKET'? The latter aims to track SONIA which is currently around 4.18%.

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