What is a better investment than a savings account?

Bonds. Bonds are longer term securities that pay higher interest than savings accounts. But high yield bond funds hold portfolios of issues that pay higher yields, due to the issuing companies being considered higher risk. But they can provide high returns on short term investments.

Which saving accounts will earn you the least money?

Traditional savings accounts will probably earn you the least money. Or a money market account or CD you open at a brick-and-mortar bank.

What can I do instead of putting money in savings?

Here we look at five, including money market accounts and CDs at online banks.

• Higher-Yield Money Market Accounts.
• Certificates of Deposit.
• Credit Unions and Online Banks.
• High-Yield Checking Accounts.
• Peer-to-Peer Lending Services.

Which savings account will earn you the least money?

Which bank gives the most interest on savings?

Here are the best online savings account interest rates

• Comenity Direct – APY: 0.55\%, min.
• Vio Bank – APY: 0.51\%, min.
• Ally Bank – APY: 0.50\%, min.
• Barclays Bank – APY: 0.50\%, min.
• Citibank – APY: 0.50\%, min.
• Marcus by Goldman Sachs – APY: 0.50\%, min.
• Synchrony Bank – APY: 0.50\%, min.
• Popular Direct – APY: 0.45\%, min.

What is the best place to put your savings?

The 7 Best Places to Put Your Savings. 1 Savings Accounts. Banks and credit unions (a cooperative financial institution that is created, owned, and managed by its members—often employees at a 2 High-Yield Savings Accounts. 3 Certificates of Deposit (CDs) 4 Money Market Funds. 5 Money Market Deposit Accounts.

How to invest money that is just sitting in the bank?

Another means to invest your money that is just sitting in the bank is via hedge funds. Hedge fund is an offshore investment fund that is formed as private limited partnership that engages in speculations making use of credit or borrowed capital.

What are the best investments for beginners?

Investment #1: High-Yield Savings Account Key Takeaways: Savings accounts are insured by the FDIC, which means your money is 100\% safe. Most high-yield savings accounts offer 2\% guaranteed returns. While this return may seem minuscule compared to other investment options, it’s actually a great deal because of the risk level.

What are the best high-yield savings accounts?

While a savings account isn’t technically an investment, you the best high-yield savings accounts earn a modest rate without the risk of losing your money. It’s super easy to manage since there isn’t much to do after opening your account. Currently, our favorite savings account on the market is with CIT Bank.