Money Fund Intelligence Subscriber Group
Crane Data has launched a new "Money Fund Intelligence Subscriber Group" on Linked In (at http://www.linkedin.com/e/vgh/1971411/). The new Money Fund Intelligence Subscriber Group was "formed to provide a forum for Crane Data subscribers and money market mutual fund professionals to discuss issues involving money markets and cash investments," says the Group's Profile. While we're still learning about the features and usefulness of this additional forum, we encourage readers to join us and add their thoughts to the discussion. In other news, The Wall Street Journal features "Savings Accounts Beckon Investors With Better Rates", which says, "The dowdy savings account is making a comeback. A growing number of high-yield bank savings and money-market accounts are paying interest rates -- 'high yield' being relative -- of around 2% or better. That makes them a safe alternative for the many savers whose accounts are hardly bearing any interest at all, putting them at risk of losing money to inflation. If you haven't looked closely at your accounts lately, you may be in for a surprise. Checking accounts and some money-market mutual funds that invest primarily in Treasurys are yielding as little as 0.01%, or $1 a year for every $10,000 invested."
