With interest rates rising, saving will be the new "hotness." But which saving vehicles are best for your portfolio?
Today, I offer three ways to save money and earn a decent amount of interest. Each has its benefits, but using them together will give you the best results.
High-yield savings accounts give you the lowest interest rate but the fastest access to your money.
CD Ladders give you tons of options for rates and holding periods. You can use these to gain interest while seeing how interest rates look in the future.
Series "I" Bonds give you maximum inflation protection and will ensure your money grows with the economy.
Using these instruments together will help you build a massive savings portfolio to go with your investing strategy.
