[KarlInOhio]

The Schwab money market funds is almost that high at 4.75%. One problem I had with short term brokered CDs is that they aren't instantly available. Many have a week or more lead time so if you are buying one to three months CDs with good rates you lose money waiting for them.

My main bank was interesting. They had 4% savings, but only if you lived in an area without branches, so I couldn't get it.

[cgbg]

Today there are on line savings accounts that pay good interest rates. That is an easy alternative to any bank savings account that pays squat.

Consumers are beginning to figure it out...T bills, money market funds, high interest savings...lots of choices.