Cash Storage Solutions for 2025
In the ever-evolving financial landscape, finding the best places to store cash and grow your savings has become a priority for many individuals. As of July 2025, high-yield savings accounts and Certificates of Deposit (CDs) are offering attractive returns, providing a financial opportunity for those seeking to maximize their earnings.
High-yield savings accounts, such as those offered by Varo Money and SoFi, are currently offering rates up to 5.00% Annual Percentage Yield (APY). These accounts offer liquidity and variable APY rates, making them an attractive choice for those seeking flexibility.
For those looking for more stable returns, high-yield CDs are also a viable option. NASA Federal Credit Union and Marcus by Goldman Sachs are among the top providers, offering competitive rates. For instance, NASA Federal Credit Union's 9-month CD offers a competitive rate of 4.59% APY, while their 15-month CD provides a rate of 4.45% APY. Marcus by Goldman Sachs offers a 1-year CD with an APY of 4.10% and a low minimum deposit requirement of $500.
Comparing high-yield savings accounts and CDs, it's important to note that savings accounts offer liquidity and variable rates, while CDs provide fixed rates but require locking your money for a specified term.
Budgeting apps can be valuable tools for making sense of spending habits and reaching savings goals. Apps like Quicken's Simplifi create personalized spending plans and allow for budget adjustments based on changes in spending habits. Meanwhile, Empower tracks spending alongside investments, college savings accounts, mortgages, and health savings accounts.
However, it's crucial to remember that rates on high-yield savings accounts are variable, meaning they could decrease if the Federal Reserve cuts rates later in the year. This was the case in June 2025, when the Federal Reserve did not cut interest rates, citing economic uncertainty over the impact of already implemented tariffs and potential future tariffs.
For investors with less than $25,000, Fidelity Go offers free advice, while Fidelity is ranked as the best overall online broker. Interactive Brokers is ranked as the top investment broker with the best investment options.
When considering a high-yield savings account or CD, it's essential to understand the terms and conditions. Withdrawing money from a CD may incur penalty rates, and CDs do not allow for additional money to be added over time.
In a world where economic uncertainty is prevalent, taking stock of your finances and finding the best places to store cash has never been more important. With a variety of options available, from high-yield savings accounts to CDs, individuals have the opportunity to make their money work harder for them.
[1] Varo Money's current APY can be found on their official website. [2] CD rates and terms are subject to change and can be found on the respective providers' official websites. [3] SoFi's benefits are subject to change and can be found on their official website.
In the ever-evolving financial landscape, beyond high-yield savings accounts and Certificates of Deposit (CDs), other investment opportunities can be explored for maximizing earnings. For example, Initial Coin Offerings (ICOs) are digital fundraising events to raise funds for a new cryptocurrency venture, which some individuals may consider for their personal-finance diversification in the realm of finance and investing.
Additionally, those who have built up a significant amount of savings and are experienced in trading may find investment platforms like Fidelity Go and Interactive Brokers appealing for their investment advice and diverse options; affordability and top-ranking, respectively. Nonetheless, it's crucial to remember that investment strategies, such as trading or ICO participation, come with risks and should be thoroughly researched beforehand.
