Diversify Your Short-Term Money at Your Bank

When we think about investing, it’s usually for the long term. Most people start investing now in order to finance their retirement- and if your retirement is decades down the line then of course you’d be interested in individual stocks, mutual funds, and other securities.

But that doesn’t mean you shouldn’t take short-term funds into account. For example, you can start looking into online banks that offer CDs to high-yield savings accounts. In most cases, these don’t have any fees or commissions, so you can basically shift short-term money into them without stressing about added costs.

If you chose any CDs, it’s best to check when you can withdraw them from the very start, as you do not want to get slapped with an early withdrawal penalty if you try to access those funds prematurely.