The St. Louis Post-Dispatch wrote late last month, "Got cash? Here is what to do with it now." It says, "While there is no return to the 5 percent money market yields savers got a decade ago, there is some relief. If you work at it, you can find money market funds yielding 1.5 percent and two-year certificates of deposit (CDs) or U.S. Treasury bonds yielding more than 2 percent. As investors worried about inflation and rate increases by the Federal Reserve and central banks around the world, the Dow Jones Industrial Average and Standard & Poor's 500 entered a correction of more than 10 percent this month." The piece explains, "After earning only 0.03 percent in early 2011, some money market funds, such as the Vanguard Prime Money Market Fund, are now yielding close to 1.5 percent. The average for the largest 100 money funds is 1.17 percent, said Peter Crane, president of money fund research firm Crane Data. Money fund yields should rise about 0.25 percent with each coming Federal Reserve rate hike, Crane said. Yields could even drift to about 3 percent by the end of 2019 if the Fed raises rates twice this year and three times next year, as is widely expected. A more aggressive Fed could nudge money market yields even higher. Do not confuse money market mutual funds with money market accounts at banks."

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