Top 10 Best Short-Term Investments for Boosting Your Returns

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.

However, just because you are investing for less than five years doesn’t mean there are not many options. Understanding the right option is critical.

Depending on the amount of time you put your money in, the type of investment you go for will determine your profitability.

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.

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.

High Yield Savings Account

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