Money Market Fund

TFE also offers an institutional money market account for the benefit of parishes. The fund is the Invesco Premier US Government Money Portfolio (IUGXX).

Should your church or special Episcopal entity have surplus cash on hand and be looking for an alternative to bank money market funds or CDs, this fund may yield a higher return than those available at your bank. Investors should note, however, that this fund is not FDIC insured and does involve a slight bit more risk than bank savings options.