Actually, this is precisely why folks like me are parking large amounts of cash in savings accounts, despite their paltry 1.3% yields. If you think that yields will eventually rise and want to have cash at that time to invest in higher-return opportunities then there isn't much else you can do except to hold cash or short-term deposits. The last thing you'd want to do is is buy a CD and lock yourself into these low rates for an extended period of time.