With interest rates at historical highs, investors often ask, should I keep my funds in my high yield savings, lock them up in a bank CD for a year or more, or invest in a Treasury Bond? Another option, money market funds, are often overlooked by investors and may be worth exploring too.
In this episode, I will explain what locking up your money in a CD or treasury bond may mean. I will answer the questions: What if you need the funds early? What are the potential penalties? How much should you lock up and at what maturity? We will talk about where you can invest your cash for the short and long term and earn a competitive interest rate.
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Where should you stash your cash?