Checklist: Your Savings
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Things to do this weekend with your money
Rising interest rates have translated into higher yields on certificates of deposit, money-market funds and even checking accounts.
4 Today: Taxable money markets now average 5.48%, while tax-free funds average 4.4%, according to IMoneyNet Inc., a financial data research firm. To shop for a higher-yielding fund, visit https://www.imoneynet.com.
4 Saturday: Certificate of deposit yields are at five-year highs. To shop for the best yields, visit IMoneyNet’s site, above, or Bankrate.com’s site at https://www.bankrate.com.
4 Sunday: The average interest-bearing checking account yields 2.12%, up from 1.84% six months ago. Credit unions tend to offer the best deals, with higher rates and lower minimums than commercial banks. If you’re not a credit union member, check with your employer’s human resources department to see whether you’re eligible to join.
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