Wealthy PotSNVXX Review (2026)
A no-minimum government fund for Schwab cash
By Wealthy Pot · Last updated September 2026
Who SNVXX is for
Schwab investors who want a government fund with slightly lower risk than prime
Yield, fees & minimum
Schwab Government Money Fund (SNVXX) is a government money-market fund from Schwab, with a 0.34% expense ratio and a $0 minimum. Its 7-day SEC yield (3.39% (7-day SEC yield)) changes daily with short-term rates — confirm the current figure on the official page. State tax: partly state-tax-exempt (holds u.s. government obligations). It is not an automatic sweep — you buy and sell it yourself.
The bottom line
A no-minimum government fund for Schwab cash Main drawback: higher fee than vanguard government funds; not a sweep.
See how SNVXX stacks up in our money-market fund comparison, or compare FDIC-insured options in our high-yield savings guide.
We summarize the fund's published facts, not user reviews. 7-day yields are variable, change daily, and are re-checked against Schwab's official page. Money-market funds are not FDIC-insured and, while low-risk, can lose value in extreme conditions. Some outbound links may be affiliate links — that never affects which funds we include or how we rate them. Nothing here is financial advice.