Where’s the Best Place to Park Your Savings?

Where’s the Best Place to Park Your Savings?
A First Republic Bank location in Newport Beach, Calif., on May 1, 2023. John Fredricks/The Epoch Times
Anne Johnson
Updated:
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Besides under the proverbial mattress, knowing where to keep your cash can be challenging. This is especially true with the latest bank failures. Of course, you want your money to earn interest, but you also need it to be safe. And there are numerous choices.

When deciding to park your savings, it’s best to examine the landscape. It’s also important not to put all your eggs in one basket. But what account types are the best for your goals and finances?

Evaluate Account Type and Determine Goals

When determining where to deposit your savings, decide if you have short-term or long-term goals. Your decision will affect your funds and the access you have to them.
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for ten years.
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