![]() If you don’t need immediate access to your cash but you’d like to earn a bit more than a savings account, certificates of deposit (CDs) are a good choice, says Kevin Matthews, a former financial advisor and the founder of investing education website Building Bread. ![]() However, you can earn modest returns with the best savings accounts, even if they won’t always keep up with inflation. Interest rates are generally low across the board for deposit accounts-and they’ll stay that way for the foreseeable future. Just keep in mind, if inflation is higher than your annual percentage yield (APY), your money could lose purchasing power. These Federal Deposit Insurance Corporation (FDIC)-insured bank accounts are highly liquid and immune to market fluctuations. High-yield savings accounts are just about the safest type of account for your money. If you’re looking for safe havens from tough markets, these eight safe investments offer lower risk than stocks-not to mention peace of mind for your investments. More stable, lower-yielding safe investments help protect your cash-and may even provide modest growth in difficult times. That’s why many investors move their money into safe investments when volatility strikes. Unsettled, volatile markets can shake your faith in risky investments like stocks.
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