What are some short term and low to no risk investment vehicles?

Question

I got some money that I am going to need within a year time and I don't want to just put it in my bank (i think it has an interest of less than 1%). I heard some E-banks have rate up to like 4% now, is that true? is that something I should consider? are there other better vehicles? Thanks....

Answer 1

CDs are your safest bet if you want a little return with no risk.

Answer 2

Check out the CD rates at Bankrate.com
You should find 3, 6, and 12 month rates that are better than a savings account or money market. If you need flexibility in the timeframe when you have to have the cash use a money market account, you can usually do about 3 transactions a month with those with no penalties. A CD will keep your money locked in for the amount of time in the contract and you will pay a hefty penalty to take it out early.

Answer 3

you might consider a short term treasury bond or if three months is beyond you need window you could put the money in a money market account. From a finance point of view gov't bonds are considered risk free. Money market accounts are a little more risky but still much safer than most investments. Both of the above recommendations are ways to keep your money from loosing value but are not considered growth avenues. This information should not be followed without assessment of your needs by a licensed individual. these are just hypothetical possible investments. good luck

Answer 4

I just had something similar going on and a friend told me to read this book before I got into anything. The book is called Rich Dad, Poor Dad by Robert Kiyosaki. The book educate you more on the right investments to make. If you pruchase it you won't regret it.

Answer 5

hi. i'm a Wealth supervisor in Inference Wealth administration centers Pvt Ltd. specific, you're precise, you will get very low return yet decrease than i'm going to checklist down the recommendations for you. a million) fastened Deposit. (we are able to get you approx 10% pa if taken for a year.) 2) Liquid Mutual fund (anticipate between 6%-9% pa). 3) Open decrease value costs a/c appropriate to fastened deposit i.e sweep a/c (you will get around 7.25%-8.25% pa) desire this facilitates. If there is any clarification mandatory then be at liberty to call us or e mail us.

Answer 6

A bank or building society savings a/c pays up to 5%pa

Answer 7

You can look at ING Direct, a CD, Treasury Bills, or commercial paper of a company with a high credited rating such as GE.

Answer 8

I also vote for CD's. Check around at your local banks and credit unions to make you feel most secure.