Places to stash cash
HIT: You wouldn’t think of Sallie Mae (whose headquarters are pictured at left) as the place to give money—Sallie Mae usually taketh away. But the student loan organization’s bank has a money market account that pays 1.05 percent interest, and it doesn’t have a minimum-balance requirement or monthly maintenance fee. “It’s a good number for cash, [but] not a long-term investment,” Bodnar said.
MISS: Bodnar said you might as well be giving money back with Fidelity Tax-Free Money Market account. It recently yielded 0.01 percent, Kiplinger’s said, even low by money market account standards.