In 2026, inflation has slowed prompting the Fed to cut rates 3 times. Job market has cooled, and unemployment is up. Keeping cash on hand is vital in the current economic climate due to rising cost of living. Choosing the right place to store and grow it is crucial. High-yield savings accounts offer competitive interest earnings and high liquidity, with some offering up to 4% APY. Money market accounts offer higher interest rates compared to traditional savings accounts but may have withdrawal limits and minimum balance requirements. Certificate of deposits allow you to lock in an interest rate for a set period, offering guaranteed interest. Treasury bills are short-term debt securities issued by the U.S. government. Series I bonds are low-risk security with returns based on fixed and inflation rates. Money market funds are low-risk mutual funds that pay dividends on par with short-term interest rates. High-yield checking accounts offer interest earnings with no withdrawal limits. Cash management accounts combine savings and checking features and are linked to investment accounts. Consider risk tolerance, liquidity, and returns when choosing where to keep your cash. Maximize your cash with high-yield hybrid accounts, micro-savings tools, accounts with sign-up bonuses, and automatic transfers.

Read more at Yahoo Finance: 8 best places to keep your cash in 2026