Wednesday, September 9, 2009

Even 'Safe Money' Can Be Parked in Short-Term Bonds

Cash really is trash. The average taxable money-market fund yields 0.08 percent. The yield of the average tax-free money fund is 0.12 percent. Even a one-year bank certificate of deposit will, on average, pay you less than 1.8 percent, according to Bankrate.com.



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