Savings
(MONEY Magazine) – TOP CURRENT YIELDS % Min. Telephone Bank money-market accounts yield invest. (800) AVERAGE 2.12 Cross Country Bank (DE) 6.55 $500 334-3180 Resource Bank (VA) 6.55 10,000 726-5463[4] Legacy Bank (OK) 6.54 10,000 687-9688 Nexity Bank (AL) 6.50 1,000 738-6391[4] VirtualBank (FL) 6.50 5,000 998-2265[4] Taxable money-market funds AVERAGE 6.05 Strong Investors Money Fund[1] 6.74 1,000 368-1030 Transamer. Prem. Cash Rsrv./Inv.[1]6.64 1,000 892-7587 Aon Money Market Fund[1] 6.63 10,000 266-3637 TIAA-CREF Money Market Fund[1] 6.56 250 223-1200 Vanguard Prime MMF/Rtl. 6.55 3,000 662-7447 Tax-exempt money-market funds AVERAGE 3.18 UMB Scout Tax-Free MMF 4.11 1,000 422-2766 Strong Municipal MMF 3.92 2,500 368-1030 Wachovia T-F MMF/Inv. Shrs.[1] 3.89 1,000 994-4414 Calvert T-F Rsrv. MMP/O Shares 3.78 2,000 368-2748 Tax-Exempt MF of America 3.70 1,000 421-9900 Taxable short-term bond funds AVERAGE 5.76 Strong Short-Term Bond Inv. 7.68 2,500 368-1030 Strong Advantage Inv. 7.34 2,500 368-1030 Vanguard Short-Term Corp. 6.83 3,000 662-7447 Strong Short-Term Global Bond 6.41 2,500 368-1030 Nvest Short Term Corp. Inc. A[2] 6.27 2,500 225-5478 Tax-exempt short-term bond funds AVERAGE 4.25 Strong Municipal Advantage 4.90 2,500 368-1030 Strong Short-Term Muni Bond Inv. 4.86 2,500 368-1030 Dreyfus Short-Intm. Muni Bond 4.40 2,500 373-9387 One Group Short-Term Muni Bond A[2]4.26 1,000 480-4111 Vanguard Short-Term Tax Exempt 4.14 3,000 662-7447 Six-month CDs AVERAGE 5.25 BankAtlantic.com[3](FL) 7.20 1,000 295-6207 USAccess Bank (KY) 7.15 500 369-2265[4] VirtualBank (FL) 7.11 5,000 998-2265[4] BankCaroline (SC) 7.10 500 692-2765[4] One-year CDs AVERAGE 5.64 BankAtlantic.com[3](FL) 7.45 1,000 295-6207 BankCaroline (SC) 7.40 500 692-2765[4] USAcess Bank (KY) 7.35 500 369-2265[4] Stonebridge Bank (PA) 7.30 500 807-1666 Five-year CDs AVERAGE 6.15 Key Bank USA (OH) 7.73 5,000 872-5553 Capital One FSB (VA) 7.65 10,000 564-7426 Provident Bank (OH) 7.61 1,000 335-2220 Intervest National Bank (NY) 7.45 2,500 226-5462[4] Savings notes and sources: CD and money-market account data as of July 11 from 100 Highest Yields ($124 for 52 issues; 800-327-7717). Tax-exempt and taxable money-market fund data as of July 10 and July 11, respectively, from Money Fund Report (www.imoneynet.com); all have a minimum investment of $10,000 or less and assets of $25 million or more. Short-term bond fund data as of June 30 from Morningstar; all are medium- and high-quality funds with average maturities of three years or less. [1]Manager absorbed all or some operating expenses. [2]Maximum 3% front-end load for initial investment under $1 million. [3]Internet access needed. [4]Area code 877. |
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