As Rates Spike, Here Are Three Investment Strategies To Consider

The U.S. Federal Reserve has increased short-term interest rates from practically zero in early 2022 to over 5% today. That’s among the more abrupt shifts in history and means that there is a lot more opportunity to earn low-risk returns on cash investments. Shopping around and considering your investment strategy in light of higher rates could improve your returns on cash holdings in the current environment, especially if you haven’t taken a look since last year when rates where generally lower.

Look For Better Rates From Your Bank

Most obviously, many banks are now offering interest rates of over 4% on savings accounts to attract new customers, but you may have to shop around to get these rates.