Where To Park That Stash While The Market ReelsAmey Stone
With both stock and bond markets in a tailspin, you might want to stash any cash you have accumulated in a safe spot until things settle down. Passbook savings and money-market accounts are earning a measly 2.3% on average, but yields are inching up on alternatives that pose minimal risk. With virtually no risk, you can get 3% or more from short-term certificates of deposit and money-market funds. With a tad more risk, you can earn 5% or more from an "ultrashort-term" bond fund.
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