We parked nearly all cash into money markets and 6 month treasuries a few months ago. Both are paying over 5%. What did the Fed think people would do? Leave them in a 0.25% checking account?
Me too, but I stayed with my same bank. I could've earned another 3/4 point interest but I didn't trust the institution.
I am now earning thousands of dollars where before I was earning four to six bucks a quarter.