My CD rolled over last week
The bank gave me .10 for an interest rate.
Anybody got enough money to retire on.10?
Might as well keep your money under the mattress.
I've got an IRA Money Market account, apparently invested in T-Bills.
Three years ago, it was paying about $400 per month.
Starting about two years ago, that yield dropped from $400 per month to literally under one dollar per month.
Thank You, Spendthrift Congress and their enabler, the Benbernank. You've destroyed a reliable income source for every saver in the country.
Fortunately, I'm not retired yet and have a little bit of time to pursue an alternative.