[Consultant32452]

I can't recommend e-banking enough. Through Fidelity you can purchase CDs from a number of banks across the country, shopping for the best interest rates. And you can create an auto-rolling CD ladder if that's your thing. I presume other e-banks like Schwab have similar features. Then you can manage all these things in one place, while getting the benefit of having your funds FDIC insured because they're technically CDs at multiple banks behind the scenes.

[SilasX]

I would think money market mutual funds are a more liquid, easier, higher yielding version of that. They don’t have the FDIC insurance, but they’re well diversified and invest in the highest grade of bonds, and “breaking the buck” (holding less than enough to redeem all deposits) is extremely rare.

[fastaguy88]

From 2008 - ???, money market accounts were offering 0% interest, while CD's provided some small rate of return.