By “conservative” I mean government-insured or government-sponsored accounts — CDs, HYSAs, and Treasuries.
It’s not laughable anymore!
Right now you can buy CDs or invest in Treasuries and get a yield above 5%. Unbelievable!
Now, I’ve recommended in this newsletter that you should probably consider a more aggressive (i.e. less conservative) approach to investing for long-term returns (like retirement savings).
I like stock index funds the best for this.
But all of us need a more “conservative” place to put short-term funds like our emergency fund or savings for an upcoming purchase.
The good news is you have lots of vehicles to choose between right now to get a great return.
For HYSAs, check out the Marcus savings account by Goldman Sachs.
For CDs, check out your local bank or use a broker like Vanguard to buy brokered CDs.