Does anyone have savings in a money market fund? These are supposed to be very safe - and while some 'enhanced return' funds have suffered small losses (about 2%), they have held up far better than bonds or stocks - and pay a respectable rate of return. E.g. Deutsche bank have a money market ETF which is paying about 5.8% currently.

I'm specifically interested in teh CGT implications of these. Most are accumulation unit trusts, and there is an accumulating ETF. Does this mean that even though they are cash instruments, any gains are taxed as CGT rather than income? I pay higher rate income tax, but have plenty of CGT allowance - so if I can put income into the CGT pool, then this would be highly desirable, especially as the ISA is already maxed out, and I'd rather have a liquid investment rather than a SIPP.