Short-Term Investments: 10+ Best Options to Boost Your Returns

Short-Term Investments

It can be challenging to know which short-term investments are the best for you, but there is no need to worry because this article will break down the differences between short-term investments and help you decide what’s best for your needs. In this post, we’ll discuss more than ten options that may be perfect for you!

Less Than Two Years

Short-term investments that are less than two years are considered low risk and low reward. Potentially you can earn around 0.5%, which is a lot better than doing nothing with your money.

Online Savings Account

An online savings account can be a good option, especially under the year mark. They are low-risk and low reward options. But it delivers what it promises when you sign up to a guaranteed interest returns rate and can withdraw easily.

High Yield Savings Account

There are many choices, and online-only companies like Chip have been beating some of the traditional banks, so make sure you do your research and compare all options. If you decide to lock money away in a savings account, make sure you get as much interest as possible!

Money Market Accounts

Money market accounts are a short-term investment with the same risk as an online savings account but usually has higher interest rates. With money market accounts, You can withdraw your money at any time without penalty and have access to it through checks or debit cards.

Cash Management Account

A cash management account is a short-term investment with low risk. This short-term investment can be a great option depending on the amount of money you have for short-term investments.

Short-Term Bond Funds

This short-term investment is not as volatile as short-term stocks and has less risk of short-term bonds (depending on the company). The downside of this type of short-term investment is low returns.

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