In such a low rate environment, you probably will need to look outside the traditional savings accounts for a decent yield. Previously, we have discussed a few alternatives to savings accounts if you are not happy with the yield. Another option, though may be not as safe as CDs or money market accounts, is high quality dividend paying stocks (always understand that investing in the stock market is riskier than putting money in bank accounts), some with more than 5% dividend yield at the end of 2010. That’s pretty nice considering that you can only get some 1.0% return of your money from most online high-yield savings account these days.
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