What is a good money market investment?

Here are the best money market account rates: Vio Bank, APY: 0.80%, Minimum balance to open: $100. Sallie Mae Bank, APY: 0.65%, Minimum balance to open: $0. BrioDirect, APY: 0.55%, Minimum balance to open: $100. CIT Bank, APY: 0.55%, Minimum balance to open: $100.

Is money market a good investment right now?

Key Takeaways. Money market investing can be very advantageous, especially if you need a short-term, relatively safe place to park cash. Some disadvantages are low returns, a loss of purchasing power, and that some money market investments are not FDIC insured.

Where should I invest most of my money?

Recap of the 11 best investments in 2022

  • High-yield savings accounts.
  • Short-term certificates of deposit.
  • Short-term government bond funds.
  • Series I bonds.
  • Short-term corporate bond funds.
  • S&P 500 index funds.
  • Dividend stock funds.
  • Value stock funds.

Where do I put cash 2021?

Here are a few of the best short-term investments to consider that still offer you some return.

  1. High-yield savings accounts.
  2. Short-term corporate bond funds.
  3. Money market accounts.
  4. Cash management accounts.
  5. Short-term U.S. government bond funds.
  6. No-penalty certificates of deposit.
  7. Treasurys.
  8. Money market mutual funds.

Can you lose money in a money market account?

Money market funds are not insured by the FDIC or the NCUA, which means you could possibly lose money investing in a money market fund.

Can you lose money in a money market?

Where can I make 5% on my money?

Where To Get 5% Interest Savings Accounts

  • Take Advantage of Netspend’s 5% Interest Savings Accounts.
  • Set Up A 6.17% Interest Account With Digital Federal Credit Union (DCU)
  • Open a 5% Interest Savings Account With Service Credit Union.
  • Open An H-E-B Debit Card Account For 6% Interest On Up To $2,000.

Which is better money market or savings account?

Money market accounts often have higher minimum deposit or balance requirements than regular savings accounts—but offer higher returns, more on a par with money market funds. The interest rates an account offers might vary, depending on the amount of money within it.