Cash is dead and stocks aren’t going up like they used to…how do you earn interest on your savings but not put it at risk? In this video, I’ll reveal the top ways to earn money on your money with high-yield strategies. Each of these is safer than stocks, to protect your money from a crash, but will help you make money on savings and cash.
Earn up to 8.5% interest on your savings in stablecoins! This is my #1 high-yield strategy and where I have $80,000 of my own money right now. Check it out on BlockFi https://mystockmarketbasics.com/blockfi
Earn up to 0.45% with a High-Yield Online Savings at CIT Bank! It’s not the high interest rate you get from some of these but it’s insured and super-safe. https://peerfinance101.com/CITBank
Sorry to say, the straight-up bull market is dead. Stocks aren’t jumping higher like they did over the last year and could be ready for a major selloff. A lot of investors, myself included, are holding more cash and that’s besides the emergency savings and other cash sitting in the bank.
But that cash is making just 0.06% in the bank and actually losing money to inflation every year. On the average $6,000 household savings, you’re losing over $300 a year to inflation. How do you protect your money from stocks but not lose it to inflation?
The answer is in these high-yield interest accounts. Each of these is safer than stocks but still produces an interest return on your money. Some are safer and lower return while others will help you make more money on your cash. I’m ordering them here in order of lowest- to highest-return on your money.
Want an even Higher Return on your Safe Investments? Check out this strategy for how I double the return on even the safest stocks! https://youtu.be/9CsyGi_1dJs
High-yield online savings accounts may not beat inflation for a return but still offer interest rates of up to 7-times what you get at the bank. These are totally safe and FDIC insured just like you get from a traditional bank. In fact, the only difference is, you make more money on your money.
Short-term bonds pay around 2.5% in dividends and return which is right around the long-run rate of inflation. That means you won’t be losing money on your cash savings. They’re extremely safe because it’s bonds of highly-rated companies and shorter-term so interest rates won’t affect them as much.
Series I Bonds are the best kept secret on Wall Street. These government-backed bonds pay a 3.5% interest rate which is more than twice the interest paid on 10-year Treasury Bonds. You can buy them directly from the Treasury which means you pay no fees.
Long-term bonds are riskier than short-term notes because of the longer maturity and interest rate effect but these are still very safe investments. Most of the assets in the long-term bond fund I use are held in government treasuries, so there’s no default risk, and the rest is in highly-rated companies. These high-yield investments have returned 7.5% over the last five years.
My favorite high-yield investment is stablecoins for an 8.5% interest rate on my cash. These coins are backed by a reserve of assets like dollars, commercial paper and money market funds. That makes them very stable and they keep their value around $1 each. Still, there is some risk around these because they are a financial product and not insured like with bank deposits. I wouldn’t hold all my cash savings in stablecoins but I do have enough to produce about $700 a month in interest.
0:00 How to Earn More Money on Your Cash Savings
1:07 Top Online Savings Account for Interest
2:43 How to Invest in Bonds for High-Yield
3:42 How to Earn More Money on Savings Bonds
5:33 Long-term Bonds to Earn More Interest
6:36 Earn Higher Interest on Stablecoins
9:02 Questions to ask about Low-Risk Investments
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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