With yields on money market funds dropping to all-time lows and more fund companies absorbing fees to prevent breaking the buck, even then, performance is an issue for investors, The Wall Street Journal reports. As a result, bank savings accounts that yield 2% on average are attracting more money.

According to iMoneyNet, taxable money market funds are yielding only 16 basis points, and some money market funds that invest in Treasuries are yielding only one basis point.

As a result, said Robert Adler, president of AMG Data Services, investors are moving their money not only into savings accounts and certificates of deposit but also into high-yield bond funds, investment-grade bond funds and some stock funds.

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