5 Best Short-Term Investments In October 2024
Editor’s Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public.
There are many good reasons why you would want to invest your money in the short term. Perhaps you intend to use that cash to buy a new car, fund a first-time mortgage, plan a wedding or simply want to build an emergency fund.
For all these goals, cash needs to be put someplace where it’s safe and accessible on a whim. Enter short-term investment vehicles: the perfect place to stash the cash you’ll need within the next five years.
Though short-term investments typically come with lower rates of return than long-term investments, they can
