Got some cash? Here are 3 places to park your money.
CBSN
If you're among the millions of American who bought I-bonds last year, you may be looking around for a better place to park your cash.
I-bonds, the breakout investment star of 2022, are offering a 6.9% return for the next few days, but that rate is set to drop sharply on May 1. Based on current inflation trends, the new rate is likely to be under 4%, financial pros say.
The good news is that after years of dismal interest rates, savers finally have some attractive options. Banks have cranked up returns on savings accounts to rates approaching the pace of inflation, while Treasury bills and money market accounts offer similar returns.
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