As the next policy move from the Federal Reserve remains unclear, here are four of the best options for your cash.
, as of Aug. 18. Backed by the U.S. government, Treasury bills are considered"very safe," according to Tumin, with terms ranging from one month to one year., a website managed by the U.S. Department of the Treasury or a brokerage account.is more liquidity, meaning you can access the money faster if needed. The trade-off is you'll earn a slightly lower yield compared to T-bills purchased through TreasuryDirect.
Money market mutual funds — which are different than money market deposit accounts — typically invest in shorter-term, lower-credit-risk debt, such asYields are closely tied to the federal funds rate and some of the biggest money market funds are paying north of 5%, as of Aug. 18, according to
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