A good friend of mine mentioned the most secure cash transfer proper now could be to purchase Bitcoin. I practically spit out my espresso!
Should you’re in search of truly secure locations to park your cash — the sort with predictable returns and no emotional rollercoaster — this listing is extra your velocity.
Listed here are 4 good locations to stash your money (no crypto required).
1. Excessive-yield financial savings accounts
These are like common financial savings accounts — however earn as much as 10X the nationwide common rate of interest.
Our Picks for the Finest Excessive-Yield Financial savings Accounts of 2025
SoFi Checking and Financial savings Member FDIC. APY as much as 3.80percent²
Charge data
Member FDIC.
|
as much as 3.80percent²
Charge data |
$0 |
|
American Specific® Excessive Yield Financial savings Account Member FDIC. APY 3.70%
Charge data
Member FDIC.
|
3.70%
Charge data |
$0 |
|
Barclays Tiered Financial savings Member FDIC. APY 4.10%
Charge data
Member FDIC.
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4.10%
Charge data |
$0 |
Disclaimers
SoFi disclosure:
¹ New and current Checking and Financial savings members who haven’t beforehand enrolled in Direct Deposit with SoFi are eligible to earn a money bonus of both $50 (with a minimum of $1,000 complete Direct Deposits acquired throughout the Direct Deposit Bonus Interval) OR $300 (with a minimum of $5,000 complete Direct Deposits acquired throughout the Direct Deposit Bonus Interval). Money bonus might be primarily based on the overall quantity of Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and might be out there by means of 1/31/26. See full bonus and annual proportion yield (APY) phrases at sofi.com/banking#1.
² SoFi members who enroll in SoFi Plus with Direct Deposit or by paying the SoFi Plus Subscription Charge each 30 days or with $5,000 or extra in Qualifying Deposits throughout the 30-Day Analysis Interval can earn 3.80% annual proportion yield (APY) on financial savings balances (together with Vaults) and 0.50% APY on checking balances. There is no such thing as a minimal Direct Deposit quantity required to qualify for the acknowledged rate of interest. Members with out both SoFi Plus or Qualifying Deposits, throughout the 30-Day Analysis Interval will earn 1.00% APY on financial savings balances (together with Vaults) and 0.50% APY on checking balances. Solely SoFi Plus members are eligible for different SoFi Plus advantages. Rates of interest are variable and topic to alter at any time. These charges are present as of 1/24/25. There is no such thing as a minimal steadiness requirement. Extra data may be discovered at http://www.sofi.com/authorized/banking-rate-sheet. See the SoFi Plus Phrases and Situations at https://www.sofi.com/terms-of-use/#plus.
³ We don’t cost any account, service or upkeep charges for SoFi Checking and Financial savings. We do cost a transaction price to course of every outgoing wire switch. SoFi doesn’t cost a price for incoming wire transfers, nevertheless the sending financial institution could cost a price. Our price coverage is topic to alter at any time. See the SoFi Checking & Financial savings Charge Sheet for particulars at sofi.com/authorized/banking-fees/.
⁴ SoFi Financial institution is a member FDIC and doesn’t present greater than $250,000 of FDIC insurance coverage per depositor per authorized class of account possession, as described within the FDIC’s laws.
Any extra FDIC insurance coverage is offered by the SoFi Insured Deposit Program. Deposits could also be insured as much as $3M by means of participation in this system. See full phrases at SoFi.com/banking/fdic/sidpterms. See listing of taking part banks at SoFi.com/banking/fdic/participatingbanks.
⁵ We’ve partnered with Allpoint to give you ATM entry at any of the 55,000+ ATMs throughout the Allpoint community. You’ll not be charged a price when utilizing an in-network ATM, nevertheless, third-party charges incurred when utilizing out-of-network ATMs should not topic to reimbursement. SoFi’s ATM insurance policies are topic to alter at our discretion at any time.
⁶ Early entry to direct deposit funds is predicated on the timing through which we obtain discover of impending cost from the Federal Reserve, which is often as much as two days earlier than the scheduled cost date, however could fluctuate.
⁷ Overdraft Protection is proscribed to $50 on debit card purchases solely and is an account profit out there to clients with direct deposits of $1,000 or extra throughout the present 30-day Analysis Interval as decided by SoFi Financial institution, N.A. The 30-Day Analysis Interval refers back to the “Begin Date” and “Finish Date” set forth on the APY Particulars web page of your account, which includes a interval of 30 calendar days (the“30-Day Analysis Interval”). You possibly can entry the APY Particulars web page at any time by logging into your SoFi account on the SoFi cellular app or SoFi web site and choosing both (i) Banking > Financial savings > Present APY or (ii) Banking > Checking > Present APY. Members with a previous historical past of non-repayment of unfavourable balances are ineligible for Overdraft Protection.
Excessive-yield financial savings accounts (HYSAs) are FDIC insured, and proper now may be discovered with charges as excessive as 5.00% APY.
However for instance functions, we’ll use a extra widespread APY of 4.10% for our calculations. To place this into {dollars}, this is what earnings might appear to be after 12 months at numerous balances:
|
Financial savings |
Curiosity Earned 4.10% APY |
|---|---|
|
$5,000 |
$205.00 |
|
$10,000 |
$410.00 |
|
$20,000 |
$820.00 |
|
$50,000 |
$2,050.00 |
Knowledge supply: Creator’s calculations.
Not like my buddy’s Bitcoin, there’s zero danger to your principal. With FDIC insurance coverage, your cash stays secure. Even when the financial institution goes beneath, you are protected as much as $250,000 per depositor, per establishment.
HYSA charges do ebb and circulate with the economic system and Federal Reserve modifications. However motion is sluggish and sometimes predictable.
2. Certificates of deposit (CDs)
CDs are just like the “set it and overlook it” crockpot of saving. You lock in an incredible price, stroll away, and are available again to assured development.
In Might 2025, short-term CDs (3- to 12-month phrases) are providing charges across the 4.00% mark, with some on-line banks providing as much as 4.65% APY. These are superb for those who anticipate needing entry to your funds within the close to future.
Alternatively, you would possibly want locking your cash in for a long run and accepting a barely decrease price. Mid-term CDs (1 yr to three years) are yielding between 3.25% and 4.00% APY. Locking in these charges now generally is a good transfer, particularly if rates of interest decline within the coming months.
Take into account that CDs do include early withdrawal penalties. So, select a time period that aligns along with your monetary objectives and timeline.
3. Treasury payments (T-bills)
T-bills are like super-safe IOUs from the U.S. authorities. You give them cash now, and so they promise to pay you again later, with curiosity.
As of Might 2025, short-term T-bills (three to 6 months) are yielding round 4.30% APY.
How they work: You purchase T-bills at a reduction (say, $975), then get the total $1,000 again once they mature in just a few weeks or months. That distinction is your curiosity.
One cool factor about T-bills is that the curiosity you earn is not taxed on the state or native stage — you solely pay federal taxes. This can be a huge win for those who’re in the next tax bracket.
You should purchase T-bills straight from TreasuryDirect.gov, or make investments by means of a brokerage.
4. Cash market funds
Think about taking CDs, T-bills, and different super-safe investments and smooshing them collectively into one huge fund. That is mainly what a cash market fund is.
You get to unfold your danger throughout many alternative short-term property, and reap the blended yield of all the pieces.
In Might 2025, many cash market funds are paying between 3.45% and 4.24%.
One thing to test along with your present dealer: Many companies mechanically “sweep” your uninvested money into one in all these funds. This can be a nice characteristic to earn essentially the most in your money whereas it is sitting idle.
Learn all about one in all our favourite brokers that does this and find out how its low charges and easy method make it an incredible alternative for shielding your financial savings.
Preserve it boring (and secure)
Should you’re like me — and never taking monetary recommendation out of your Bitcoin-loving buddy — then you recognize that boring and confirmed strategies are a greater approach to hold your money secure.
HYSAs, CDs, cash market funds, and T-bills all supply regular, low-risk returns that will not hold you up at night time.
