A recent study by Market Rates Insight (San Anselmo, California) showed an increase in bank customers choosing money market accounts over CDs. Here is a quick summary of the study for the second half of 2010: Deposits in money market accounts rose by 2.6% or $138 billion Time Deposits (CDs) dropped by a whopping 8.5% or $200 billion Savings Accounts increased by $76 billion Checking account deposits moved up by $43 billion So why are people moving their savings from CDs to money … [Read more...]