"Smart Investment Strategies for High Interest Rate Environments"
With falling stocks and volatile capital markets, experts suggest that Americans should consider investing in less risky instruments such as high-yield savings accounts, certificates of deposit (CDs), and money market accounts. These safer investments are currently offering returns that can exceed 5%, providing stability as the Federal Reserve considers another rate hike. Financial advisors recommend FDIC-backed institutions like Bread Financial and online banks such as SoFi and Ally for high-yield savings accounts. For those willing to take on more risk, stock mutual funds or exchange-traded funds are suggested, especially for long-term investments. CDs are ideal for those who can lock their money in without needing liquidity, with annual returns of around 5% available.