San Jose Mercury News writes "Feeling the squeeze of interest rate cuts on savings". The article, subtitled, "Fed's interest rate cuts are bad for investors looking for safe yields," warns, "But yields have sunk so low, so fast, that experts fear rate-sensitive investors will switch to much riskier instruments such as so-called 'high-yield' mutual funds that invest in junk bonds". It cites some decent yields from banks "staggered by the mortgage meltdown", institutions luring customers to bank online, and banks and credit unions trying to get new customers. But it warns, "We have to be fine-print savvy in everything we do in life," the article quotes Greg McBride of BankRate.com.

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