Everyone looking for a mortgage, carrying credit card debt, or looking for a loan, has noticed that interest rates have been climbing. What might be less noticeable, particularly if you are banking with a large bank, is that interest yields on deposits have also been going up. Unfortunately, large banks are being selective about passing these higher interest yields through to their depositors. Many large banks will only provide those higher yields through to their customers if they tie the invested funds up using CDs or other withdrawal restrictions. Such restrictions make it difficult to take advantage of the current higher interest rates for funds such as emergency funds, near term tax payments, or cash for that new car you are shopping for, because you can’t predict exactly when the funds will be needed. Fortunately, there are solutions available for those willing to do a bit of homework. At the current higher deposit yield levels, it is expensive to not take the time to get that idle cash into one of the many available higher yielding money market accounts.