Lock In High Interest Rates While They Last Take advantage of today's high interest rates by putting excess cash into online savings accounts, CDs, and short-term bonds. Some options yield over 5% with FDIC protection.
-
Interest rates remain high for now, so take advantage by parking cash in high-yield savings accounts, money market accounts, CDs, and short-term bonds.
-
Online banks offer some of the best yields on FDIC-insured high-yield savings accounts - some over 5%.
-
CDs locked in for 1-2 years are yielding around 5% or more. Use a brokerage account to access the widest variety.
-
Short-term T-bills are yielding close to 5% for 3-12 month terms. Buy directly or through a brokerage.
-
Consult a fiduciary advisor if needed, but don't chase the highest yields at the expense of access and convenience.