Depending on your goal, Here are different ways to get more yield on your cash
Goal: Everyday expenses
Loss Tolerance: Low
- Money market funds
- Checking
- Savings accounts
Goal: Emergency fund
Loss Tolerance: Low
- Mix of highly liquid accounts – money market funds
- Less-liquid options – CDs or conservative bond funds
Goal: Near-term savings target
Loss Tolerance: Low
- Treasury bonds
- FDIC-insured CDs
Goal: “short-term” allocation for Low-volatility
Loss Tolerance: Moderate
- Bonds
- Bond maturities (ladder)
- Bond funds representing various credit qualities and short durations
via [Fidelity – Get more yield on your cash]