Are there any advantages to investing in GuideStone's Money Market Fund in an investment account compared to a FDIC-insured CD at a local bank?
There are three notable advantages for investing in the GuideStone Money Market Fund in an investment account compared to a FDIC-insured CD at a local bank:
- Money can be withdrawn at any time in a money market account. With a CD, you will be penalized if you try to make a withdrawal prior to the given maturity date.
- Check-writing privileges that are not available with a CD.
- Ease of transfer of money from the money market fund to other funds in the GuideStone Funds family.
An investment in the Money Market Fund is not insured by the Federal Deposit Insurance Corporation or any other governmental agency. Although the Fund seeks to maintain a value of $1.00 per share, it is possible to lose money. Unlike a CD, the Fund does not offer fixed interest payments.