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Understanding money market funds

Mahaveer Ukrani avatar
Written by Mahaveer Ukrani
Updated over 3 weeks ago

We partnered with Atomic Invest to launch Treasury accounts to help businesses put their idle cash to work — safely and automatically. At the core of treasury are money market funds. This guide explains what money market funds are, why they’re used by finance teams around the world, and how your money can grow with a Treasury account.

What’s a money market fund?

A money market fund (MMF) is a type of mutual fund that invests in low-risk, high quality short-term debt securities and cash equivalents — usually things like U.S. Treasury bills and other government-backed debt. Think of it as a place to park your cash and earn yield without locking it up. MMFs are generally:

  • Highly liquid (you can usually pull funds out within days)

  • Very low risk

  • Used by companies, institutions, and governments to manage cash

What’s inside the Treasury account money market fund?

We’ve partnered with Atomic Invest to give you access to an investment advisory account offering the BlackRock Liquidity T Fund (TSTXX) — a U.S. Treasury securities fund made up of short-term government debt. It's a conservative MMF, built for capital preservation and liquidity. This means:

  • Significant exposure to U.S. government-backed securities

  • Actively managed by BlackRock Advisors, LLC

How does my money grow?

The BlackRock Liquidity T Fund generates returns through 7-day SEC yield, which is the average income return over the past 7 days, net of fees, assuming the rate stays the same for one year. Yields generally adjust automatically based on interest rates. You’ll see this yield reflected right inside your Slash dashboard.

Insurance and Safety

Securities in your account are protected by the SIPC (up to $500,000, including $250,000 for claims for cash). For details, please see www.sipc.org. Money market funds aim to maintain a stable value of $1.00 per share and are frequently used by corporate treasury teams to manage short-term cash.

Money market funds are a time-tested way to grow idle cash without taking on unnecessary risk. With the Treasury account, you get seamless access to a high-quality money market fund that seeks current income while providing liquidity and stability of principal — backed by U.S. government securities, managed by BlackRock, and fully integrated into your Slash dashboard. It’s generally simple, safe, and built for modern business.

Although the money market fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Past performance does not guarantee future results.

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