ferjen,You wrote, http://www.duke-energy.com/investors/individual-investors/pr...This is a vehicle by Duke Energy. It's really a means to invest in their debt. The ad in the local paper touts 1.61% APY. Since its a debt investment, it is not FDIC insured. But, it's an account with a lot of bank account similarities including free check writing above $250 and electronic transfers. Minimum balance is $1000 and no writing checks at the Walmart checkout to buy groceries. But, I suspect anyone interested in this would be looking for a place to store cash and receive a decent rate by today's standards.I wonder if this discussion shouldn't be over on the Bond and Fixed Income board. Of course you're likely to get Charlie ranting about how this doesn't give you a real rate of return, but there are some people over there willing to have a rational discussion about very liquid and/or very short-term instruments.However I will say that I wouldn't touch this product. I'd much rather stick my money in a 5 year Ally CD, which is currently paying 1.69% APY. Even if you don't hold for the money for that long, the penalty is only 60 day's worth of interest - or about 0.281% of the deposit. So even if you hold for only a year, you'll still get more than 1.4% APY. There are no deposit minimums for that and you're FDIC insured.- Joel
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