as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
using stable short-term, tax-free municipal bond funds to beat the bank?
user
banks' savings interest is ridiculous, has always been, compared to other investment options. but there's a reason for that: its safe. you will get your money back, and the interest on it, as long as you're within the fdic insurance limits. if you want to get more returns - you've got to take more risks. for example, that a locality you're borrowing money to will default. has happened before, a whole county defaulted. but if you understand the risks - your calculations are correct.
assistant