Bank interest rates lagging behind Fed rate

While the Fed has raised its rate 17 times in the past 2 years, banks have barely budged on their savings account rates. More than ever, it pays to shop around. Alternatives include money market funds, CDs, and brokerage account money funds. Also, some Internet banks offer competitive yields. A good source for comparison is the Bank Rate web site (bankrate.com) or contact Mentor for assistance.