Besides a savings account, where is the safest place to keep my money?

Retirement Savings, Investing
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June 2016
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Various types of US bonds are generally deemed the "safest" type of investment that one could buy. You can learn more and buy them directly by visiting

As long as your financial institution is insured by the FDIC, which insures bank accounts, or NCUA, which insures credit union accounts, the coverage limits available from either federal agency will be the same, which is currently $250,000 per depositor. Banks and credit unions will generally offer savings accounts, money market accounts and CD's (certificates of deposit).  

Your next option would be to explore short-term government bond ETFs (Exchange Traded Funds) that you can trade daily, if necessary, and buy at any major discount brokerage firm. Here is a helpful list of ETF's that trade for free from Charles Schwab & Co.

In the current environment, safe =  a near zero rate of return so consider your risk tolerance, liquidity needs and investment timeframe carefully.

Best of Luck!


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