| Investment | Quick facts | Potential return |
|---|---|---|
| Online savings or money market account | • For emergency fund. • Liquid/easily accessible. • FDIC insured. | 1% - 1.5% |
| CD | • For expense with set deadline. • Not liquid. • May require minimum deposit. • FDIC insured. | 1% to 2% (longer term = higher rates) |
| Short-term bond funds (index or ETF) | • Liquid/easily accessible. • Some risk. • Subject to fund fees. • May require minimum investment. | 1% to 3% |