New Fee to Bank Cash

Bank of New York Mellon Corp. on Thursday took the extraordinary step of telling large clients it will charge them to hold cash.  The unusual move means some U.S. depositors will have to pay to keep big chunks of money in a bank, marking a stark new phase of the long-running global financial crisis.

Read the rest of the story >>> New Fee to Bank Cash WSJ Online

Just when you thought you’d seen it all!  So, let me see now, what would make a good alternative cash repository for long term savings that pays guaranteed interest plus dividends and is also liquid??  I know, I know, pick me!! 🙂

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