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Despite the average interest rates on certificates of deposit being higher than those on money market accounts since June 2009, some consumers may still favor quick access to cash.

According to research firm Market Rates Insight, from June 2009 to August 2010, CD balances decreased by $542 billion while MMA balances increased by $584 million. Consumers shifted $5 billion of total CD balances to MMAs during the period tracked. This, despite the fact that the relative return on CDs over MMAs increased from two fold to four times.

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