Short-Term Investments: 10+ Best Options to Boost Your Return

It can be challenging to know which short-term investments are the best for you, but there is no need to worry because this article will break down the differences between short-term investments and help you decide what’s best for your needs.

A short-term investment is an investment that you can easily change back into cash – such as a high-interest savings account or a money market account.

Depending on the amount of time you put your money in, the type of investment you go for will determine your profitability. It’s good to consider carefully before jumping in, and if you are in doubt, it’s worth consulting a financial advisor who could help you invest your money. 

Are Short-Term Investments Profitable?

Short-term investments that are less than two years are considered low risk and low reward. Potentially you can earn around 0.5%, which is a lot better than doing nothing with your money, so of course still worth doing something.

Online Savings Account

An online savings account can be a good option, especially under the year mark. They are low-risk and low reward options. But it delivers what it promises when you sign up to a guaranteed interest returns rate and can withdraw easily.

There are many choices, and online-only companies like Chip have been beating some of the traditional banks, so make sure you do your research and compare all options. If you decide to lock money away in a savings account, make sure you get as much interest as possible! 

High Yield Savings Account

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