Low yields on cash holdings have been here for a while, with no signs of ascending.
Money market mutual funds have an average yield of 0.01%, according to Money Fund Report. Bankrate.com puts the average payout from bank money market accounts at 0.11%—$55 a year on a $50,000 deposit. With such traditional vehicles yielding next to nothing, is there any place where advisors can find acceptable volatility along with some payout?
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access