Where to invest your money?

Don't know where to invest your money? Check out these five safe and reliable options!

If you’re one of the millions of people in the United States with more money than they know what to do with, you probably ask yourself the same question: Where can I invest my money? While there are countless options, including real estate and precious metals, not all investment vehicles are made equal. In fact, some can prove downright dangerous to your financial future if you aren’t careful. To help make sure your hard-earned cash stays put until you’re ready to use it, here are five safe and reliable options when it comes to investing your money!

Savings account

A savings account is a cash deposit account with a bank. Your deposits are typically insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per depositor. The FDIC is an independent agency of the United States government that protects against the loss of funds in case the bank goes bankrupt. Savings accounts typically offer low interest rates, but they're still a good way to save for emergencies or short-term goals like buying a house or car.

Certificate of deposit

Certificates of deposit are a popular option for people who want to put their money in a savings account. If you're looking for a guaranteed return, CDs may be the best investment for you. The downside is that you can't withdraw from a CD before it matures without paying an early withdrawal penalty.

Money market account

A money market account is one of the safest, most basic investment vehicles available. Interest rates are usually higher than those of a traditional savings account, but lower than those of a high-yield checking or certificate of deposit. A money market account is FDIC-insured up to $250,000 per person. You can also use a money market account as collateral for loans if you need some extra cash.

Treasury bills

The best place for most people is treasury bills, which are low-risk securities issued by the U.S. Treasury Department. They offer a fixed rate of return, with maturity periods that range from four months to ten years. 

They're also very liquid, meaning they can be traded at any time on the open market without penalty or delay.

Mutual fund

The best thing about mutual funds is that they're less risky than other types of investing because the value of your shares fluctuates with the performance of the underlying stocks that make up the mutual fund.