BANKS VS. MONEY FUNDS

BC-banks-money-funds 11/29 TMS Original

BANKS VS. MONEY FUNDS

For release 11/29/13

(ATTENTION EDITORS: PICK UP STATE SECTIONS THAT APPLY TO YOUR READERS.)

BANK/THRIFT YIELDS (x)

Highest yields for money market deposit accounts and certificates of deposit reported to RateGram by federally insured banks and thrifts as of Nov. 26, based on interest rates and method of compounding for an opening deposit of $25,000 or less. Figures in parentheses are annual percentage yields offered by banks and thrifts to depositors nationwide.

MMDA Annual Percentage Yield (Nat'l Avg. 0.09 percent)

1 Ally Bank, Philadelphia, PA (877) 247-2559 0.85

2 FNBO Direct, Omaha, NE (877) 370-3707 0.85

3 Emigrant Bank, New York, NY (888) EMI-GRAN 0.80

4 Bank of Internet USA, San Diego, CA (877) 541-2634 0.75

5 Discover Bank, Greenwood, US (800) 347-7000 0.70

6-Month CD Annual Percentage Yield (Nat'l Avg. 0.10 percent)

1 Dollar Savings Direct, Ossining, NY (866) 395-8693 0.75

2 Discover Bank, Greenwood, US (800) 347-7000 0.65

3 Ally Bank, Philadelphia, PA (877) 247-2559 0.61

4 Eastbank, N.A., New York, NY (212) 219-9000 0.60

5 OneWest F.S.B, La Jolla, CA (800) 333-1909 0.60

1-Year CD Annual Percentage Yield (Nat'l Avg. 0.17 percent)

1 CIT Bank, Livingston, NJ (855) 462-2652 1.05

2 Dollar Savings Direct, Ossining, NY (866) 395-8693 1.05

3 Bogota Savings Bank, Bogota, NJ (201) 489-3666 1.00

4 Ally Bank, Philadelphia, PA (877) 247-2559 0.98

5 Eastbank, N.A., New York, NY (212) 219-9000 0.95

2.5-Year CD Annual Percentage Yield (Nat'l Avg. 0.26 percent)

1 Emigrant Bank, New York, NY (888) EMI-GRAN 1.30

2 Hudson City Savings Bank, Paramus, NJ (631) 727-8770 1.15

3 MidFirst Bank, Oklahoma City, OK (405) 840-7600 1.15

4 National Bank of NYC, New York, NY (718) 358-4400 1.15

5 Discover Bank, Greenwood, US (800) 347-7000 1.10

5-Year CD Annual Percentage Yield (Nat'l Avg. 0.70 percent)

1 Pentagon FCU, Alexandria, VA (800) 247-5626 2.02

2 BBVA Compass, Stockton, CA (800) 266-7277 2.00

3 Flushing SB, New York, NY (718) 961-5400 2.00

4 MidFirst Bank, Oklahoma City, OK (405) 840-7600 2.00

5 Intervest National Bank, New York, NY (212) 218-8383 1.95

Jumbo CDs Annual Percentage Yield

30 Days ($80,000 or more)

1 Popular Community Bank, New York, NY (800) 377-0800 0.25

2 Arvest Bank, Tulsa, OK (918) 631-1000 0.20

3 First Bank, Anchorage, AK (907) 228-4226 0.20

4 First Commonwealth, Pittsburgh, PA (800) 711-BANK 0.20

90 Days ($80,000 or more)

1 OneWest F.S.B, La Jolla, CA (800) 333-1909 0.45

2 First Bank, Anchorage, AK (907) 228-4226 0.35

3 E-Loan, Pleasanton, US (866) 576-7283 0.30

180 Days ($80,000 or more)

1 OneWest F.S.B, La Jolla, CA (800) 333-1909 0.60

2 Bank of the Sierra, Porterville, CA (559) 782-4900 0.59

3 E-Loan, Pleasanton, US (866) 576-7283 0.47

MONEY FUND YIELDS

(Highest 7-day Compound Yields for period ended Nov. 26, 2013)

Highest compounded (effective) rate of return to shareholders reported to Money Fund ReportĀ@ for the past seven days.

GOVERNMENT RETAIL MONEY FUNDS (Gov't Avg. 0.01 percent)

1 Direxion US Govt MMF/Cl A (k) (800) 851-0511 0.04

2 Lord Abbett US Govt & Govt SE MMF/A (k) (888) 522-2388 0.02

3 Amer Century Capital Presv Fund/Inv (k) (800) 345-2021 0.01

3 BMO Govt MMF/Class Y (k) (800) 236-3863 0.01

3 CAT: Govt&Agen Secs/DWS Govt&AgenMF (k) (800) 730-1313 0.01

3 City Natl Rochdale Govt MMF/Cl N (k) (888) 889-0799 0.01

3 Edward Jones MMF/Inv Class (k) (800) 245-0242 0.01

3 Federated Govt Cash Series (k) (800) 245-0242 0.01

3 Fidelity Government MMF (k) (800) 544-6666 0.01

3 Fidelity Treas Fund/Adv B (k) (800) 544-6666 0.01

3 Fidelity Treasury MMF (k) (800) 544-6666 0.01

3 Fidelity Treasury Only MMF (k) (800) 544-6666 0.01

3 Fidelity US Govt Reserves (k) (800) 544-6666 0.01

3 First Amer Govt Oblig/Cl A (k) (800) 677-3863 0.01

3 HSBC US Govt MMF/Cl A (k) (800) 782-8183 0.01

3 Hancock Horizon Govt MMF/Cl A (k) (800) 738-2625 0.01

3 JPMorgan Federal MMF/Morgan (k) (800) 766-7722 0.01

3 JPMorgan US Govt MMF/Morgan (k) (800) 766-7722 0.01

3 Morgan Stanley ActiveAssets Govt (k) (800) 869-6397 0.01

3 Morgan Stanley US Govt MMT (k) (800) 869-6397 0.01

3 Northern US Govt MMF (k) (800) 595-9111 0.01

3 Northern US Govt Select MMF (k) (800) 595-9111 0.01

3 PNC Government MMF/Cl A (k) (800) 622-3863 0.01

3 PNC Treasury MMF/Cl A (k) (800) 622-3863 0.01

3 Payden Cash Reserves MMF (k) (800) 572-9336 0.01

3 RBC US Govt MMF/Select (k) (800) 934-6674 0.01

3 Reich & Tang DIF US Govt/Advantage (k) (800) 221-3079 0.01

3 Reich & Tang DIF US Treas/Inv (k) (800) 221-3079 0.01

3 T Rowe Price US Treasury MF (k) (800) 638-5660 0.01

3 TDAM US Govt Portfolio/Investor (k) (800) 934-4448 0.01

3 UBS RMA US Govt Portfolio (k) (800) 762-1000 0.01

3 US Govt Securities Savings Fund (k) (800) 873-8637 0.01

3 US Treasury Securities Cash Fund (k) (800) 873-8637 0.01

3 Vanguard Admiral Treasury MMF (k) (h) (800) 662-7447 0.01

3 Vanguard Federal MMF (k) (800) 662-7447 0.01

3 Virtus Insight Govt MF/Cl A (k) (800) 982-8782 0.01

3 Weitz Government MMF (k) (800) 304-9745 0.01

3 Wells Fargo Adv Govt MMF/Svc (k) (h) (800) 222-8222 0.01

3 Wells Fargo Adv Treas Plus MMF/Svc (k) (h) (800) 222-8222 0.01

3 Western Asset Govt Reserves/Cl A (k) (800) 451-2010 0.01

3 Western Asset US Treas Res/Cl N (k) (800) 331-1792 0.01

3 Wilmington US Govt MMF/Admin (k) (800) 836-2211 0.01

3 Wilmington US Treasury MMF/Admin (k) (800) 245-0242 0.01

PRIME RETAIL MONEY FUNDS (Prime Avg. 0.01 percent)

1 Invesco MMF/Investor Class (k) (800) 659-1005 0.09

2 Meeder MMF/Retail (k) (800) 325-3539 0.07

3 Schwab Cash Reserves (k) (800) 435-4000 0.06

4 PNC Money Market Fund/Cl A (k) (800) 622-3863 0.04

5 Delaware Cash Reserve/Class A (k) (800) 362-7500 0.03

6 First Amer Prime Oblig/Cl A (k) (800) 677-3863 0.02

6 Ivy Money Market Fund/Cl A (k) (888) 923-3355 0.02

6 RBB MMP/Bedford Class (k) (800) 430-9618 0.02

6 W&R Advisors Cash Mgmt MMF/Cl A (k) (888) 923-3355 0.02

10 Amer Century Prime MMF/Inv Shares (k) (800) 345-2021 0.01

10 BBH Money Market Fund/Regular (k) (h) (800) 625-5759 0.01

10 BMO Prime MMF/Investor Class (k) (800) 236-3863 0.01

10 BlackRock Liquidity:TempFund Prem (k) (800) 821-7432 0.01

10 CAT: Premium Reserve MM Shares (k) (800) 231-8568 0.01

10 Cash Reserve Prime/Inv (k) (800) 730-1313 0.01

10 Cavanal Hill Cash Mgmt/Adm (k) (800) 762-7085 0.01

10 City Natl Rochdale Prime MMF/Cl N (k) (888) 889-0799 0.01

10 Columbia Money Market Fund/Cl A (k) (800) 645-6611 0.01

10 DWS MM Prime Ser/DWS MMF (k) (800) 621-1048 0.01

10 Federated Auto Cash Mgmt Tr/Cl R (k) (800) 341-7400 0.01

10 Federated Prime Cash Series (k) (800) 245-0242 0.01

10 Fidelity Cash Reserves (k) (800) 544-6666 0.01

10 Fidelity Money Market Fund (k) (800) 544-6666 0.01

10 Fidelity Select Money Market (k) (800) 544-6666 0.01

10 HSBC Prime MMF/Cl A (k) (800) 782-8183 0.01

10 Hewitt MMF/Admin Shares (k) (800) 890-3200 0.01

10 Homestead Daily Income Fund (k) (800) 258-3030 0.01

10 JPMorgan Liquid Assets MMF/Morgan (k) (800) 480-4111 0.01

10 JPMorgan Prime MMF/Morgan (k) (800) 766-7722 0.01

10 MainStay MMF/Class A (k) (800) 624-6782 0.01

10 Morgan Stanley ActiveAssets MT (k) (800) 869-6397 0.01

10 Morgan Stanley Liquid Asset Fund (k) (800) 869-6397 0.01

10 Northern MMF (k) (800) 595-9111 0.01

10 Oppenheimer Cash Reserves/Cl A (k) (800) 525-7048 0.01

10 Oppenheimer MMF/Cl A (k) (800) 525-7048 0.01

10 Pioneer Cash Reserves Fund/Cl A (k) (800) 225-6292 0.01

10 Putnam MMF/Cl A (k) (800) 752-2693 0.01

10 RBC Prime MMF/Select (k) (800) 934-6674 0.01

10 Reich & Tang DIF Money Mkt/Inv (k) (800) 221-3079 0.01

10 SEI Liq Asset Tr/Prime Oblig/Cl A (k) (800) 342-5734 0.01

10 Schwab Advisor Cash Resvs/PremSwp (k) (800) 435-4000 0.01

10 Schwab Money Market Fund (k) (800) 435-4000 0.01

10 Schwab Value Adv MF/Inv (k) (800) 435-4000 0.01

10 T Rowe Price Prime Reserve (k) (800) 638-5660 0.01

10 T Rowe Price Summit Cash Reserves (k) (800) 638-5660 0.01

10 TDAM MMP/Premium (k) (h) (800) 934-4448 0.01

10 Touchstone MMF/Cl A (k) (800) 543-8721 0.01

10 Transamerica MMF/Cl A (k) (888) 233-4339 0.01

10 UBS Cashfund (k) (800) 762-1000 0.01

10 UBS RMA Money Market Portfolio (k) (800) 762-1000 0.01

10 USAA Money Market Fund (k) (800) 531-8448 0.01

10 Vanguard Prime MMF/Investor (k) (800) 662-7447 0.01

10 Virtus Insight MF/Cl A (k) (800) 982-8782 0.01

10 Wells Fargo Adv Cash Inv MMF/Svc (k) (h) (800) 222-8222 0.01

10 Wells Fargo Adv Heritage MMF/Svc (k) (h) (800) 222-8222 0.01

10 Wells Fargo Adv MMF/Inv (k) (800) 222-8222 0.01

10 William Blair Ready Reserves Fund (k) (800) 742-7272 0.01

10 Wilmington Prime MMF/Admin (k) (800) 836-2211 0.01

TAX-FREE NATIONAL RETAIL MONEY FUNDS (Nat'l Avg. 0.01 percent)

1 Invesco Tax-Exempt Cash Fund/Inv (k) (800) 659-1005 0.11

2 Alpine Municipal MMF/Inv (k) (888) 785-5578 0.02

2 BlackRock Liquidity:MuniFund Prem (k) (800) 821-7432 0.02

2 PNC Tax-Exempt MMF/Cl A (k) (800) 622-3863 0.02

2 Western Asset T-F Reserves/Cl N (k) (800) 331-1792 0.02

6 Amer Century T-F MMF/Inv Class (k) (800) 345-2021 0.01

6 BMO Tax Free MMF/Class Y (k) (800) 236-3863 0.01

6 CAT: T-E Port/DWS T-E Money Fund (k) (800) 730-1313 0.01

6 Federated Tax-Free MMF/Invmt (k) (800) 341-7400 0.01

6 Fidelity AMT Tax-Free Money Fund (k) (800) 544-6666 0.01

6 Fidelity Municipal MMF (k) (800) 544-6666 0.01

6 Fidelity Tax Free Money Market (k) (800) 544-6666 0.01

6 JPMorgan Tax-Free MMF/Morgan (k) (800) 766-7722 0.01

6 Morgan Stanley ActiveAssets T-F Tr (k) (800) 869-6397 0.01

6 Morgan Stanley T-F Daily Inc Trust (k) (800) 869-6397 0.01

6 Northern Municipal MMF (k) (800) 595-9111 0.01

6 Putnam Tax-Exempt MMF (k) (800) 752-2693 0.01

6 RBC T-F MMF/Select (k) (800) 934-6674 0.01

6 Reich & Tang DIF Muni/Advantage (k) (800) 221-3079 0.01

6 SEI T-E Tr/Tax-Free Fund/Cl A (k) (h) (800) 342-5734 0.01

6 T Rowe Price Summit Muni MMF (k) (800) 638-5660 0.01

6 T Rowe Price Tax-Exempt MF (k) (800) 638-5660 0.01

6 TDAM Muni Portfolio/Investor (k) (800) 934-4448 0.01

6 Touchstone T-F MMF/Cl A (k) (800) 543-8721 0.01

6 UBS RMA Tax-Free Fund (k) (800) 762-1000 0.01

6 USAA Tax Exempt MMF (k) (800) 531-8448 0.01

6 Vanguard Tax-Exempt MMF (k) (800) 662-7447 0.01

6 Virtus Insight T-E MMF/Cl A (k) (800) 982-8782 0.01

6 Wells Fargo Adv Natl T-F MMF/Svc (k) (h) (800) 222-8222 0.01

6 Wilmington Tax-Exempt MMF/Admin (k) (800) 836-2211 0.01

Following is a list of state-specific tax-free retail money funds. Most state-specific funds are available only to residents of that state, but non-resident investors may purchase shares in an out-of-state fund provided that the fund is registered in the buyer's home state.

ARIZONA TAX-FREE RETAIL MONEY FUNDS (ARIZONA Avg. 0.01 percent)

1 Fidelity AZ Municipal MMF (k) (800) 544-6666 0.01

CALIFORNIA TAX-FREE RETAIL MONEY FUNDS (CALIFORNIA Avg. 0.01 percent)

1 Amer Century CA T-F MMF/Inv Class (k) (800) 345-2021 0.01

1 BlackRock Liquidity:CA Money Prem (k) (800) 821-7432 0.01

1 City Natl Rochdale CA T-E MMF/Cl N (k) (888) 889-0799 0.01

1 Federated CA Muni Cash Tr/Cash Ser (k) (800) 341-7400 0.01

1 Fidelity CA AMT T-F MMF (k) (800) 544-6666 0.01

1 Fidelity CA Municipal MMF (k) (800) 544-8888 0.01

1 JPMorgan CA Muni MMF/Morgan (k) (800) 766-7722 0.01

1 Morgan Stanley ActiveAssets CA T-F (k) (800) 869-6397 0.01

1 Morgan Stanley CA T-F Daily Inc (k) (800) 869-6397 0.01

1 Northern CA Municipal MMF (k) (800) 595-9111 0.01

1 Reich & Tang CA Daily T-F/Cl B (k) (800) 221-3079 0.01

1 Schwab CA AMT T-F MF/Value Adv (k) (800) 435-4000 0.01

1 T Rowe Price CA Tax-Free MF (k) (800) 638-5660 0.01

1 TDAM CA Muni MMP/Investor (k) (800) 934-4448 0.01

1 Tax-Exempt CA MMF/Premier Shrs (k) (800) 231-8568 0.01

1 UBS RMA CA Muni MF (k) (800) 762-1000 0.01

1 USAA California MMF (k) (800) 531-8448 0.01

1 Vanguard CA Tax-Exempt MMF (k) (800) 662-7447 0.01

1 Wells Fargo Adv CA Muni MMF/Svc (k) (h) (800) 222-8222 0.01

1 Western Asset CA Tax Free MMF/Cl N (k) (800) 331-1792 0.01

CONNECTICUT TAX-FREE RETAIL MONEY FUNDS (CONNECTICUT Avg. 0.01 percent)

1 Federated CT Muni Cash Tr/Cash Ser (k) (800) 341-7400 0.01

1 Fidelity CT Municipal MMF (k) (800) 544-8888 0.01

1 Western Asset CT Muni MMF/Cl A (k) (800) 331-1792 0.01

4 BIF CT Muni MF (k) (800) 637-7455 0.00

4 BofA CT Muni Reserves/Investor (k) (800) 345-6611 0.00

FLORIDA TAX-FREE RETAIL MONEY FUNDS (FLORIDA Avg. 0.01 percent)

1 Federated FL Muni Cash Tr/Cash Ser (k) (800) 341-7400 0.01

MARYLAND TAX-FREE RETAIL MONEY FUNDS (MARYLAND Avg. 0.01 percent)

1 T Rowe Price MD Tax-Free MF (k) (800) 638-5660 0.01

MASSACHUSETTS TAX-FREE RETAIL MONEY FUNDS (MASSACHUSETTS Avg. 0.01 percent)

1 Federated MA Muni Cash Tr/Cash Ser (k) (800) 341-7400 0.01

1 Fidelity MA AMT T-F MMF (k) (800) 544-6666 0.01

1 Fidelity MA Municipal MMF (k) (800) 544-6666 0.01

4 BIF MA Muni MF (k) (800) 637-7455 0.00

4 BofA MA Muni Reserves/Investor (k) (800) 345-6611 0.00

MICHIGAN TAX-FREE RETAIL MONEY FUNDS (MICHIGAN Avg. 0.00 percent)

1 Fidelity MI Municipal MMF (k) (800) 544-6666 0.01

2 BIF MI Muni MF (k) (800) 637-7455 0.00

2 JPMorgan MI Muni MMF/Morgan (k) (800) 480-4111 0.00

MINNESOTA TAX-FREE RETAIL MONEY FUNDS (MINNESOTA Avg. 0.01 percent)

1 Federated MN Muni Cash Tr/Cash Ser (k) (800) 341-7400 0.01

NEW JERSEY TAX-FREE RETAIL MONEY FUNDS (NEW JERSEY Avg. 0.01 percent)

1 Federated NJ Muni Cash Tr/Cash Ser (k) (800) 341-7400 0.01

1 Fidelity NJ AMT T-F MMF (k) (800) 544-6666 0.01

1 Fidelity NJ Municipal MMF (k) (800) 544-6666 0.01

1 Vanguard NJ Tax-Exempt MMF (k) (800) 662-7447 0.01

5 BIF NJ Muni MF (k) (800) 637-7455 0.00

5 BlackRock NJ Muni MMP/Inv A (k) (800) 441-7762 0.00

5 Dreyfus NJ Municipal MMF (k) (800) 782-6620 0.00

NEW YORK TAX-FREE RETAIL MONEY FUNDS (NEW YORK Avg. 0.01 percent)

1 BlackRock Liquidity:NY Money Prem (k) (800) 821-7432 0.01

1 Federated NY Muni Cash Tr/Cash Ser (k) (800) 341-7400 0.01

1 Fidelity NY AMT T-F MMF (k) (800) 544-6666 0.01

1 Fidelity NY Municipal MMF (k) (800) 544-6666 0.01

1 JPMorgan NY Muni MMF/Morgan (k) (800) 766-7722 0.01

1 Morgan Stanley NY Muni MMT/Class R (k) (800) 869-6397 0.01

1 T Rowe Price NY Tax-Free MF (k) (800) 638-5660 0.01

1 TDAM NY Muni MMP/Investor (k) (800) 934-4448 0.01

1 UBS RMA NY Muni MF (k) (800) 762-1000 0.01

1 USAA New York MMF (k) (800) 531-8448 0.01

1 Vanguard NY Tax-Exempt MMF (k) (800) 662-7447 0.01

1 Western Asset NY Tax Free MMF/Cl N (k) (800) 331-1792 0.01

NORTH CAROLINA TAX-FREE RETAIL MONEY FUNDS (NORTH CAROLINA Avg. 0.00 percent)

1 BlackRock NC Muni MMP/Inv A (k) (800) 441-7762 0.00

OHIO TAX-FREE RETAIL MONEY FUNDS (OHIO Avg. 0.01 percent)

1 PNC OH Muni MMF/Cl A (k) (800) 622-3863 0.02

2 Federated OH Muni Cash Tr/Cash II (k) (800) 341-7400 0.01

2 Fidelity OH Municipal MMF (k) (800) 544-6666 0.01

2 Touchstone OH T-F MMF/Retail (k) (800) 543-8721 0.01

2 Vanguard OH Tax-Exempt MMF (k) (800) 662-7447 0.01

PENNSYLVANIA TAX-FREE RETAIL MONEY FUNDS (PENNSYLVANIA Avg. 0.01 percent)

1 PNC PA Tax-Exempt MMF/Cl A (k) (800) 622-3863 0.02

2 Federated PA Muni Cash Tr/Cash Ser (k) (800) 341-7400 0.01

2 Fidelity PA Municipal MMF (k) (800) 544-6666 0.01

2 Vanguard PA Tax-Exempt MMF (k) (800) 662-7447 0.01

5 BIF PA Muni MF (k) (800) 637-7455 0.00

5 BlackRock PA Muni MMP/Inv A (k) (800) 441-7762 0.00

VIRGINIA TAX-FREE RETAIL MONEY FUNDS (VIRGINIA Avg. 0.01 percent)

1 Federated VA Muni Cash Tr/Cash Ser (k) (800) 341-7400 0.01

1 USAA Virginia MMF (k) (800) 531-8448 0.01

(k) - all or a portion of fund's expenses are currently being waived or reimbursed.

(h) - fund requires a minimum initial investment of $50,000 or more.

Past returns are not necessarily indicative of future money fund yields. Investment quality and maturity may vary among funds.

BANK/THRIFT YIELDS SOURCE: Informa Research Services, Inc., Calabasas, CA 91302, Internet: www.InformaRS.com.

MONEY FUND YIELDS SOURCE: iMoneyNet, Inc., an Informa Financial company, Westborough, MA 01581, Internet: www.imoneynet.com.

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