CNN evaluates options for short-term cash savings, including savings accounts, money market accounts, and certificates of deposit. It’s a useful article for weighing the benefits and drawbacks of each type of account in order to find the right match for your situation.
The article offers a chart of average interest rates offered across the country, but if you’re willing to do your banking online (which you should be by now), the latest high interest rates for savings and checking accounts are here. Why should your money sit an account earning less than inflation when you can earn (slightly) more and still be liquid?
Updated February 6, 2012 and originally published September 14, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.