LGIP vs. iMoney Net – Month

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LGIP Yield vs. iMoneyNet — Chart and Data

LGIP Yield vs. iMoneyNet

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The iMoneyNet rate is an average net rate of all the larger 2A7 government money market funds. The LGIP is molded after a 2A7 fund. These funds all have weighted average maturities of less than 60 days, and may only invest in securities with maturities no longer than 397 days.

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The Office of the State Treasurer (OST) manages the Local Government Investment Pool (LGIP) on behalf of more than 500 taxing bodies within Washington state. Putting short-term surplus cash into LGIP, with 100 percent liquidity, allows local governments the ability to earn better interest on these funds than they likely would, otherwise.