MarketWatch writes a brief on "Why Americans still can'​t get cheaper." They tell us, "Rates for money-​market mutual funds are also moving lower, but they'​re still giving many banks a run for their money. Money-​market funds are not bank accounts, but super-​safe investment destinations to park cash. The average seven-​day yield on the biggest funds is now around 4.​19%, down from 5.​10% at the start of the Fed cuts, said Peter Crane, president of Crane Data. '​Rates really shouldn'​t move much unless and until the Fed moves,' Crane said." The piece quotes, "Even if the rates are a full percentage point lower than they were a year ago, the current spot is still high for recent years, he noted. Money-​market rates were last around the 4% range nearly two decades ago, Crane said." It adds, "It'​s still not in a bad spot," he said. "I think savers are still happy in general."

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