[gyardley]

What return? The interest rates available these days are appalling.

Cripes, tell me you don't keep money in a savings account or CDs. Keep it with your investment manager. The large banks cater to the mass affluent - which includes any software developer who's worked at market for a few years and has saved their money. You put your money with them, you make sure they understand your appetite for risk, and they go to work.

I'm sure there's investment managers out there that are better than the ones at large banks, if you have that much to invest. But for the rest of us, a large organization is the way to go. They have the resources to attract good quality talent and access to the information they need to make good investment decisions. You will do so much better than 0.9% over 120 months, it's not even funny.

FDIC doesn't cover much money, I might add, and it only covers money in those might-as-well-be-zero-interest accounts where you shouldn't be keeping money in the first place.