Certificates of Deposit (CDs)
Key Takeaways: CDs should produce higher returns than the majority of savings accounts. But this type of low risk investment offers less flexibility because pulling your money out early will result in a penalty.
High-Yield Money Market Accounts
Key Takeaways: Much like a savings account, MMAs are also one of the safest ways to invest money because it’s FDIC-insured. The main difference is the option to write a certain number of checks every month.
Best For: Money you may need infrequent access to and investors wanting more flexibility than a savings account.
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