As Stocks Slide, Here’s Where to Put $10K—Or More—for Safer but Solid Returns

Core Insights - Current market conditions have led savers to seek safe cash options that provide solid returns without market risk [3][10] - High-yield savings accounts can offer rates up to 5.00% under certain conditions, while CDs provide a best nationwide rate of 4.50% [4][10] - The article emphasizes the importance of utilizing idle cash effectively to earn meaningful interest during periods of market volatility [5][6] Cash Yield Opportunities - The article outlines potential earnings on various cash balances over six months, showing that a $10,000 deposit at a 5.00% APY could yield $247, while $50,000 could earn $1,235 [9][8] - Different APYs are detailed, indicating that even lower rates (e.g., 3.25%) can still generate significant earnings, with $10,000 earning $161 over six months [9][8] Categories of Cash Products - The top cash options are categorized into three main types: bank and credit union products, brokerage and robo-advisor products, and U.S. Treasury products [18][13] - Each category has distinct characteristics and trade-offs, allowing savers to choose based on their financial goals and timelines [13][14] Rate Tracking and Analysis - The article mentions that rates are tracked daily from over 200 banks and credit unions, ensuring that the information reflects the most competitive offerings available [15][17] - It highlights the variability of rates, particularly for savings accounts and money market funds, while CDs and Treasuries offer fixed yields for set periods [12][16]