For Safety, You Can Take It to the Bank

In the New York Times, December 20, 2008, Benjamin Tobias was quoted in the article For Safety, You Can Take It to the Bank by Conrad De Aenlle.  With yields on short-term Treasury bills falling to near zero, there are still some opportunities to get returns on your cash.  Ben pointed out that some banks eager to build their client bases are offering as much as four percent, often through Internet-only accounts.  He also suggested opening a brokerage account and purchasing short-term certificates of deposit from various institutions.