14 Best Short-Term Investments For 5 Years Or Less

Most of us believe that investing should be for long-term goals. But there are many reasons for short-term investments depending on your financial goals.

An excellent short-term investment should never lose money, and it should not keep you awake at night worrying about it. A short-term investment must have the following:

- Liquidity - Stability - Low transaction costs

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Best Short-Term Investments

Savings Account

Savings accounts opened at a bank or a brokerage account are insured by the Federal Deposit Insurance Corporation (FDIC) from theft, fraud, or if the financial institution goes bankrupt. You cannot lose your money.

High Yield Savings Account

A high-yield savings account is the same as a regular savings account, but you can earn a higher annual percentage yield (APY).

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Terrain Map

Cash Management Account

Cash management accounts are cash account that is usually offered through brokerage firms. Cash management accounts are also called CMAs.

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