7 best short-term investments next year
1. High-Yield Savings Accounts:
A high-yield savings account at a bank or credit union is a good alternative to keeping cash in a checking account.
2. Short-Term Corporate Bond Fund:
Corporate bonds are bonds issued by major corporations to fund their investments.
3. Money Market Accounts:
Money market accounts are another type of bank deposit, and they usually pay a higher interest rate than regular savings accounts
4. Cash Management Accounts:
A cash management account gives you a liquid cash account that allows you to access your money quickly
5. Short-term US Government Bond Funds:
Government bonds are like corporate bonds, except they are issued by the US federal government and its agencies.
6. No Penalty Certificate of Deposit:
This Lets you dodge the specific fee that a bank charges if you cancel your CD before it matures.
7. Money Market Mutual Funds:
A money market mutual fund invests in short-term securities including Treasury, municipal and corporate debt, as well as bank debt securities.
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