USAToday's article: Money market accounts, funds draw more cash observes that more investors are figuring out what folks in the pfblogging world have been talking about for the last 6 months or so - those high interest saving and CD accounts are pretty smart places to stash your cash.
Weary of the volatile stock market, an increasing number of investors are embracing the relative safety of money market accounts, money market mutual funds and CDs. Over the past 2½ months, a net $89.3 billion flowed into money market funds even as a net $7.8 billion flowed out of stock funds, according to AMG Data Services.
Wahoo... EmigrantDirect is going to <5.15%> on July 28th. This beats the money market rates usatoday quotes.