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Here are nine of the best places tokeep your money relatively safe and let it grow.
Essentially, this means that the government will never default on interest or principal payments of these securities.
As an added benefit, U.S. Treasury securities are exempt fromstate and local taxes.
Like corporate bonds, most municipal bonds are assigned ratings by third-party, independent agencies.
But unlike corporate bonds, many municipal bonds are also insured.
This putsinsured municipal bondsjust a step below U.S. government securities in terms of safety.
CDs carry the same FDIC insurance as savings accounts.
These investment vehicles are ideal for the funds that you dont require access to in the short-term.
On top of that, money market accounts are also FDIC-insured, the same as savings accounts and CDs.
The goal is to find an index fund withrelatively low feesso you dont have to stress about market fluctuations.
However, unlike many other investments, real estate is a tangible asset.
But risk is not spread equally across different investments.
Where is the best place to hold money?
Martin Daskocontributed to the reporting for this article.
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