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Short-term goals. Long-term goals. Vacation. Retirement. Down payment for a car or house. Opening a business. Deposit for a new apartment. Paying for a child’s education
This savings strategy, which involves short-term, midrange and long-term CDs, helps ensure access to funds at regular intervals with the benefit of the higher rates of long-term CDs. Pros of a ...
You can buy T-bills in $1,000 increments and cash in, with interest, in short order. Terms range from a few days to one year. ... EE bonds: Government bonds that are designed for long-term savings ...
The sum of your emergency fund and your short-term savings goals is the target amount you should keep in your HYSA. ... If you have long-term savings goals that span five to 10 years or more ...
Your age can help tip the scales as to whether you should prioritize short-term savings or long-term retirement investments. If you’re young, you have lots of years ahead of you to earn and save ...
5. Open a short-term certificate of deposit (CD) A one-year CD could help you earn more interest than a savings account. Plus, a CD’s yield is usually fixed; as long as you keep the money in the ...