What are various Short-term financial options available for investment?
Short-term financial options for investment There are several short-term financial options available for investment, each with its own characteristics and potential benefits. Here are some common short-term investment options: 1. Savings Accounts: Savings accounts offered by banks are one of the safest and most accessible short-term investment options. They provide a low-risk way to store and grow your money while maintaining easy access to funds. Savings accounts typically offer a modest interest rate, allowing you to earn some income on your investment. 2. Certificates of Deposit (CDs): Certificates of Deposit are time deposits offered by banks with a fixed maturity date and a fixed interest rate. CDs usually have higher interest rates than regular savings accounts, making them an attractive option for short-term investments. However, they come with a condition of keeping the funds locked in for a specific period, ranging from a few months to a few years. 3. Money Market Accounts: Mo