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4 Best Places To Park Your Cash In 2024 | Up To 6% APY
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This video consists of The 4 Best Places To Park Your Cash In 2024 that could get you up to a 6% yield on your cash. This detailed review of the best places to park your cash will help guide you on the best places to put your cash in the short term safely. - Enjoy!
Top Financial Products To Consider:
Resources:
🎥 Relevant YouTube Videos 🎥
⏰ Timestamps ⏰
00:00 Intro
00:45 High Yield Savings Accounts
04:10 Money Market Funds
06:31 T-Bills
09:03 CDs
10:58 Conclusion
1. High Yield Savings Accounts
A high-yield savings account offers excellent liquidity and security for your cash while earning interest. It can be a wise choice if you anticipate making a purchase within the next few months or require an emergency fund. The rates range from 4-5.50% APY currently.
2. Money Market Funds
This is beneficial for your cash within an investment portfolio as it enables the money to continue earning interest rather than remaining idle. Currently at a rate of 4.96% as shown on Fidelity... (subject to changes based on market conditions
3. Treasury Bills
This provides excellent short-term security within a position offering a fixed rate for a specified duration. Rates are currently between 5-5.50%, and they are exempt from state and local taxes.
4. CDs
Allow you to deposit money with a bank or credit union for a fixed period of time at a fixed interest rate. Currently, there are two options that can get you a 6.00% APY.
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Disclaimer: Certain links on this website lead to products or services that may earn Danny Sully an affiliate commission or referral bonus. As a member of an affiliate sales network, Danny Sully is compensated for directing traffic to partner websites, which may affect the placement or visibility of some products on this site. The information provided in this video is accurate as of its posting date, though some of the offers mentioned may no longer be active.
This content is for entertainment only and does not constitute legal, tax, or financial advice. It is for general informational purposes. The presenter is not a licensed professional. Viewers should consult their attorney, accountant, or financial advisor for advice on specific legal, tax, or financial issues.
Top Financial Products To Consider:
Resources:
🎥 Relevant YouTube Videos 🎥
⏰ Timestamps ⏰
00:00 Intro
00:45 High Yield Savings Accounts
04:10 Money Market Funds
06:31 T-Bills
09:03 CDs
10:58 Conclusion
1. High Yield Savings Accounts
A high-yield savings account offers excellent liquidity and security for your cash while earning interest. It can be a wise choice if you anticipate making a purchase within the next few months or require an emergency fund. The rates range from 4-5.50% APY currently.
2. Money Market Funds
This is beneficial for your cash within an investment portfolio as it enables the money to continue earning interest rather than remaining idle. Currently at a rate of 4.96% as shown on Fidelity... (subject to changes based on market conditions
3. Treasury Bills
This provides excellent short-term security within a position offering a fixed rate for a specified duration. Rates are currently between 5-5.50%, and they are exempt from state and local taxes.
4. CDs
Allow you to deposit money with a bank or credit union for a fixed period of time at a fixed interest rate. Currently, there are two options that can get you a 6.00% APY.
🔔 Don't forget to subscribe with notifications on and hit that like button!
Disclaimer: Certain links on this website lead to products or services that may earn Danny Sully an affiliate commission or referral bonus. As a member of an affiliate sales network, Danny Sully is compensated for directing traffic to partner websites, which may affect the placement or visibility of some products on this site. The information provided in this video is accurate as of its posting date, though some of the offers mentioned may no longer be active.
This content is for entertainment only and does not constitute legal, tax, or financial advice. It is for general informational purposes. The presenter is not a licensed professional. Viewers should consult their attorney, accountant, or financial advisor for advice on specific legal, tax, or financial issues.
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