MarketWatch writes "Follow the bouncing rate: Brokers play shell game with money-market yields". The piece, by former money fund guru Bill Donoghue, criticizes brokerages for "advertising that they pay six times -- and even eight times -- the 'national average'". He asks, "Why are brokers comparing supposedly competitive money-markets to bank savings accounts? Their regulator, the Office of Thrift Supervision, allows it." Donoghue cites E*Trade, Schwab and ING Direct advertisements, and says, "Such comparisons are inconsistent and inappropriate. [T]he comparison with absurdly low savings accounts, instead of with money funds or money-market accounts, is potentially misleading."

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