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Sean Jackson

I Have $150,000 That I Don’t Need Anytime Soon, but I Don’t Want To Put It in the Market. What Should I Do?

US Federal Reserve

A piggy bank with a plant growing from the coin slot.

Question: I have $150,000 that I don't need anytime soon, but I don't want to put it in the stock market. What should I do?

Answer: If you're looking for a risk-free place to store your money, my best solution is a jumbo CD. Jumbo CDs come with FDIC insurance up to $250,000 and APYs that'll outpace inflation.

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