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June 1, 2020
With interest rates hovering near historic lows (set in June 2020), and little likelihood of a meaningful rise in the foreseeable future, the prospect of finding safe yet decent yields for your liquid assets has become a significant challenge. Bank checking and savings accounts may be convenient for paying bills, but currently offer little to no interest on your deposits.
So, where exactly can you turn for some extra yield on your cash if you’re willing to take a bit more risk or give up some of the convenience that bank accounts provide? The following are a few types of investments that may provide somewhat better yields than those offered by your bank accounts:
Which of these is the optimal cash management solution for you? That will depend greatly on your individual objectives and liquidity needs:
We at Cerity Partners are ready to work with you, your attorneys and tax professionals on the merits and specifics of these and other investment and financial planning options. For additional information on this or related topics, or to learn more about the investment management and financial planning services offered by Cerity Partners, please visit our website at www.ceritypartners.com.
1 For more information on FDIC Insurance, go to https://www.fdic.gov/resources/deposit-insurance/faq/ and contact your banking institution.
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Rich is a Partner based in the San Francisco office. He is responsible for providing investment advice, portfolio design, and financial planning to individuals and...
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