Money

Parking money for a few months or a year

Asked by: Oren Zablocki

Where can I park for money for a few months?

  • Recurring Deposits. Tenure- one can open an RD account for tenure as less as 6 months and in multiples of 3 months up to 10 years. …
  • Money Market Account. …
  • Debt Instrument. …
  • Bank Fixed Deposits. …
  • Post-Office Time Deposits. …
  • Large Cap Mutual Funds. …
  • Gold or Silver. …
  • Treasury Securities.

    • Where can I park my money for 3 years?

    Best Investment Plan for 3 Years

    • Savings Accounts. A savings account is a type of deposit account that can be opened at financial institutions or banks. …
    • Liquid Funds. …
    • Short Term and Ultra-Short-Term Funds. …
    • Fixed Deposits. …
    • Fixed Maturity Plans. …
    • Treasury Bills. …
    • Gold Investment.

    What is the best investment for 1 year?

    Here are 6 solid investment options available to mutual fund investors to invest for a period of 1 year.

    1. Liquid funds. These are one of the most popular methods of parking short term funds up to one year. …
    2. Ultra-Short Duration Funds. …
    3. Low Duration Funds. …
    4. Money Market Funds. …
    5. Floater funds. …
    6. Arbitrage funds.

    Where can I park short term funds?

    You can open a 1 year POTD at any post office near your house. Like in case of a bank FD, these are completely secured and guaranteed by the government of India. They have a 1 year lock in but you can always pledge these deposits in an emergency and raise funds up to 75% of the value of POTD.

    Where can I put my money temporarily?

    The best short-term investments in May:

    • High-yield savings accounts.
    • Short-term corporate bond funds.
    • Money market accounts.
    • Cash management accounts.
    • Short-term U.S. government bond funds.
    • No-penalty certificates of deposit.
    • Treasurys.
    • Money market mutual funds.

    Where can I park large sums of money?

    • High-yield savings account. …
    • Certificate of deposit (CD) …
    • Money market account. …
    • Checking account. …
    • Treasury bills. …
    • Short-term bonds. …
    • Riskier options: Stocks, real estate and gold. …
    • Use a financial planner to help you decide.

    Where can I park my money for 6 months?

    FDs are preferred because they provide safety of capital and certainty of returns. So if you are looking to park money for just six months to a year, don’t chase higher returns and stay with FDs or liquid funds. “Please note that 1% higher return on ₹1 lakh investment in a year is just ₹1,000.

    How can I invest $10000 in short term?

    5 ways to invest $10,000

    1. Build your emergency savings fund. Simply put, if you don’t have an emergency fund yet, that’s the first step you need to take in your investing journey. …
    2. Pay off high-interest loans. …
    3. Fund your retirement account. …
    4. Invest in an index fund. …
    5. Invest in individual stocks.

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