This fits in with my earlier post about a consumption-driven economy. The savings rate is 3.6% now, which is very high for the US. However, as one saves, that doesn’t mean that a .1% savings account is the only way to go. Save wisely.
Right now, I’m spread out over a 2% yield savings account, rotating CD’s, and of course an appropriate amount of money in checking. My retirement investments (which I’ve actually increased, so I guess that’s like more savings) are spread out over FDIC money market accounts and very conservative funds. Small yield per year, but it’s not losing.
(I also have a good chunk in a stock-oriented fund, ready to go as the market goes up…at some point).