1. High-Yield Savings Accounts (HYSAs): These accounts offer competitive interest rates, often above 4%, while maintaining high liquidity and FDIC insurance. They are ideal for low-risk savings with immediate access to funds. Some banks may have minimum deposit requirements
2. Brokered Certificates of Deposit (CDs): These offer higher interest rates than standard CDs, with a 10-12 month term currently yielding around 4.55%. Brokered CDs are FDIC-insured but require locking in funds for the term. Be cautious of penalties for early withdrawal
3. Treasury Bills (T-Bills): These government-backed securities mature within one year and are highly secure. They are sold at a discount, providing a return at maturity, and the interest is exempt from state and local taxes. Current rates range from 4.41% to 4.50% depending on the term
4. Money Market Accounts: These accounts provide higher yields compared to regular savings accounts and are FDIC-insured. They are slightly less liquid but still accessible for short-term goals
5. Ultra-Short-Term Bond ETFs: These exchange-traded funds invest in low-risk, short-term bonds, offering higher yields than savings accounts and CDs with slightly higher liquidity. They are ideal for investors seeking a balance between safety and returns

Each option suits different needs based on risk tolerance, liquidity preferences, and time horizon. Consider your specific goals and consult a financial advisor for tailored advice.