Highest-yielding tax-exempt (municipal) money market funds
Ranked by October 2026 month-end SEC 7-day net yield (≥$100M net assets).
Data: October 2026 month-end SEC filings
All figures are from the October 2026 month-end Form N-MFP filings (report date ) - money-market funds must file within five business days of month-end. Regulatory data, not live quotes.
- The highest 7-day net yield among tax-exempt (municipal) money market funds with at least $100 million in net assets is 2.50%, reported by FTXXX (Goldman Sachs Investor Fund - Tax-Exempt Money Market) as of .
- 70 tax-exempt classes (≥$100M) reported a 7-day yield for October 2026; the median was 2.07%.
- Tax-exempt fund yields are not directly comparable to taxable yields - their income is generally exempt from federal income tax, so the after-tax comparison depends on the investor's bracket.
| # | Ticker | Fund | Category | 7-day yield | Net assets | Min. investment |
|---|---|---|---|---|---|---|
| 1 | FTXXX | Goldman Sachs Investor Fund - Tax-Exempt Money Market | Tax-exempt (national) | 2.50% | $4.8B | $10,000,000 |
| 2 | SWOXX | Schwab Municipal Money Fund | Tax-exempt (national) | 2.32% | $15.4B | $1,000,000 |
| 3 | TEWXX | Tax Exempt Portfolio | Tax-exempt (national) | 2.31% | $594.2M | $1,000,000 |
| 4 | JTFXX | JPMorgan Tax Free Money Market Fund | Tax-exempt (national) | 2.30% | $8.4B | $10,000,000 |
| 5 | TERXX | T. Rowe Price Municipal Money Fund, Inc. | Tax-exempt (national) | 2.30% | $499.2M | $1,000,000 |
| 6 | SCTXX | Schwab AMT Tax-Free Money Fund | Tax-exempt (national) | 2.29% | $3.1B | $1,000,000 |
| 7 | MOFXX | FEDERATED HERMES MUNICIPAL OBLIGATIONS FUND | Tax-exempt (national) | 2.28% | $5.9B | $500,000 |
| 8 | VYFXX | Vanguard New York Municipal Money Market Fund | Tax-exempt (single state) | 2.28% | $3.7B | $3,000 |
| 9 | VMSXX | Vanguard Municipal Money Market Fund | Tax-exempt (national) | 2.27% | $19.5B | $3,000 |
| 10 | WFNXX | Allspring National Tax-Free Money Market Fund | Tax-exempt (national) | 2.27% | $2.1B | $10,000,000 |
| 11 | VTIXX | JPMorgan Tax Free Money Market Fund | Tax-exempt (national) | 2.25% | $420.7M | $5,000,000 |
| 12 | FKIXX | Goldman Sachs Investor Fund - Tax-Exempt Money Market | Tax-exempt (national) | 2.25% | $208.7M | $1,000 |
| 13 | CIFXX | Western Asset Select Tax Free Reserves | Tax-exempt (national) | 2.25% | $113.7M | $1,000,000 |
| 14 | FTCXX | Fidelity Investments Money Market Tax-Exempt Portfolio | Tax-exempt (national) | 2.22% | $11.8B | $1,000,000 |
| 15 | TBIXX | FEDERATED HERMES TAX-FREE OBLIGATIONS FUND | Tax-exempt (national) | 2.22% | $6.3B | $500,000 |
| 16 | SNYXX | Schwab New York Municipal Money Fund | Tax-exempt (single state) | 2.22% | $2.2B | $1,000,000 |
| 17 | TBVXX | FEDERATED HERMES TAX-FREE OBLIGATIONS FUND | Tax-exempt (national) | 2.22% | $395.4M | $250,000 |
| 18 | FTZXX | Retail Tax Free Obligations Fund | Tax-exempt (national) | 2.21% | $377.1M | $10,000,000 |
| 19 | WNTXX | Allspring National Tax-Free Money Market Fund | Tax-exempt (national) | 2.19% | $124.5M | $1,000,000 |
| 20 | MFCXX | FEDERATED HERMES MUNICIPAL OBLIGATIONS FUND | Tax-exempt (national) | 2.18% | $309.2M | $500,000 |
| 21 | SWTXX | Schwab Municipal Money Fund | Tax-exempt (national) | 2.17% | $4.8B | None |
| 22 | IJMXX | JPMorgan Municipal Money Market Fund | Tax-exempt (national) | 2.17% | $1.9B | $10,000,000 |
| 23 | FMQXX | Fidelity SAI Municipal Money Market Fund | Tax-exempt (national) | 2.17% | $113.7M | None |
| 24 | JGNXX | JPMorgan New York Municipal Money Market Fund | Tax-exempt (single state) | 2.15% | $1.2B | $10,000,000 |
| 25 | SCAXX | Schwab California Municipal Money Fund | Tax-exempt (single state) | 2.14% | $7.4B | $1,000,000 |
Screen: ticker share classes with at least $100 million in net assets and a reported 7-day net yield on the October 2026 month-end filings (586 of 885 ticker classes). Tiny classes are excluded because they report outlier yields; the full CSV has every class. Rankings are arithmetic on SEC filings - not recommendations.
FAQ
What is the highest-yielding tax exempt money market fund?
As of the October 2026 month-end SEC Form N-MFP filings, the highest 7-day net yield among tax-exempt (municipal) money market funds with at least $100 million in net assets is 2.50%, reported by FTXXX (Goldman Sachs Investor Fund - Tax-Exempt Money Market).