Best Short Term Investments that will Grow your Money in 2023

Filed in Articles by on October 23, 2023

Best Short-Term Investments – Maybe you own a business and you want to see it grow. There are several short-term investments that will interest you and also help you with that, and that’s what I’ll be showing you here.

Best Short Term Investments

What is a Short-Term Investment?

This is an investment that one can easily convert to cash. They include a money market account and a high-yield savings account. This type of investment is easily accessible.

If you intend to invest in a stock market, it is generally advisable to keep your money invested for at least five years.

Best Short-Term Investments

There are several short-term investments to help you grow your money within a limited time frame. They include:

1. High-Yield Savings Accounts

These are regular savings accounts that offer high-interest rates. Your funds are easily accessible and they are very low risk.

This can serve as an account where you store your emergency funds and you don’t need to bother about losing your money.

2. Certificates of Deposits (CDs)

They are time deposit which requires fixed terms. For a particular time frame, you will not be able to access your money and when that time frame elapses, you will receive a higher interest rate.

3. Money Market Funds

These funds are low-risk securities like bonds and commercial paper. They offer higher interest rates compared to that of a savings account and a high-yield savings account.


4. Treasury Bills

These are also known as T-bills and they are government bonds whose maturity ranges from a few days to at most a year. They are safe but offer lower yields due to the time frame.

5. Municipal Bonds

This is issued by the local or state governments. They have tax advantages and also a relatively low risk.

6. Online Savings Accounts

They are high-yielding accounts but are controlled by online banks which may come with higher interest rates.

7. Peer-to-Peer Lending

Here, you invest in personal loans through online platforms and returns vary from person to person base on the creditworthiness of the borrowers.

CSN Team.

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