Today'​s Wall Street Journal writes "​Looking Beyond Money Funds". It says, "With yields on money-​market mutual funds at record lows, many individuals have been pulling cash out of these low-​risk parking places and stashing it elsewhere. More people might do the same if they focused on how little they are earning: A $​10,​000 money-​fund stake yields just $​5 a year in earnings at last week'​s average 0.​05% seven-​day yield on taxable funds, as tracked by iMoneynet Inc. Yes, that annualized yield is five-​hundredths of a percentage point. Where to go? Savings accounts and short-​term certificates of deposit from banks offering above-​average rates are worth considering. So are some short-​term bond mutual funds, at least for a portion of your money-​fund dollars, though they expose your savings to a much greater risk of principal loss. To be fair, though, savers amazed at low money-​fund yields should recognize that the funds are doing exactly what they are designed to do: pass along the interest rates in a particular segment of the financial markets, that of high-​quality debt with very short maturities. The Federal Reserve has pushed those rates near zero in its effort to stimulate the economy."

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