Options for short term cash
In addition to looking for the best current CD and savings rates, consider buying U S savings bonds. The I bonds can never go down in value, have some inflation protection, and can be redeemed any time after one year. For money that you might need in a few years, consider a bond fund such as Vanguard Total Market Index. It will have some ups and downs, but nothing like the stock market. By the way, now is not the time to be taking money out of the stock market. Remember, even if your account balance is down, you haven't lost money unless you sell.
|