Short term saving options and where to store cash
The piece guides savers toward cash storage choices for goals within five years, weighing banks savings accounts money market accounts mutual funds and certificates of deposit. It notes yields, liquidity, FDIC coverage and fund costs, citing Morningstar and fund options like DODIX VB MFX and CDs with varying penalties and terms.
MENTIONED IN THIS ARTICLE
Christine Benz
Mor
Ningstar Inc
Morningstar
Dodge & Cox Income
DODIX
Vanguard Total Bond Market Index
VBMFX
Federal Reserve
Federal Deposit Insurance Corporation
FDIC
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