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Types of Savings Vehicles

Annuities
Annuities

Have higher costs than other retirement savings vehicles like IRAs and 401(k) plans because annuities are insurance contracts that have extra fees. May charge withdrawal penalties called "surrender charges." Must be held for many years to allow time for the tax deferral benefit to outweigh the higher expense.

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Automatic Savings Plans
Automatic Savings Plans

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Bank Products
Bank Products

What Is a Savings Account? Savings accounts are a safe place to store cash and can earn more than 1% interest. They can also help you save for longer-term needs. They can also help you save for longer-term needs.

Bonds
Bonds

Investment vehicle refers to any method by which individuals or businesses can invest and, ideally, grow their money. There is a wide variety of investment vehicles, and many investors choose to hold at least several types in their portfolios.

Cash
Cash

Investment vehicle refers to any method by which individuals or businesses can invest and, ideally, grow their money. There is a wide variety of investment vehicles, and many investors choose to hold at least several types in their portfolios.

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Certificates of Deposit (CDs)
Certificates of Deposit (CDs)

Like savings and money market accounts, CDs are bank deposit vehicles that are typically covered by FDIC insurance when offered by a participating institution. At a time when interest on deposits is pretty meager, the crucial difference is CDs often pay much higher bank rates than savings accounts or money market accounts.

High-Yield Bank Accounts
High-Yield Bank Accounts

With the best high-yield online savings accounts, you get great rates and a safe place to keep your money. We've rounded up the best accounts for high interest rates, including Marcus by Goldman Sachs, CIT Bank, American Express National Bank, Synchrony, Discover, Barclays, Ally, Alliant Credit Union and Capital One.

Investment Funds
Investment Funds

Investment vehicle refers to any method by which individuals or businesses can invest and, ideally, grow their money. There is a wide variety of investment vehicles, and many investors choose to hold at least several types in their portfolios.

Money Market Deposit Accounts
Money Market Deposit Accounts

Banks pass along these dividends to you in the form of higher interest rates than you might receive on a conventional savings account. What is a money market account: What to expect. In exchange for these higher rates, money market accounts often come with more restrictions. Many money market accounts require initial deposits of $2,500 or more.

Money Market Funds
Money Market Funds

A money market fund is an investment whose objective is to earn interest for shareholders while maintaining a net asset value (NAV) of $1 per share. A money market fund’s portfolio is comprised of short-term, or less than one year, securities representing high-quality, liquid debt and monetary instruments.

Options
Options

// Compare savings options Compare savings options Summarizes and compares the features of 529 plans, 529 ABLE plans, ESAs, UTMAs, IRAs, and education savings bonds.

Regular Savings Accounts
Regular Savings Accounts

A savings account is a bank account where you can store money you don't need right away but still keep it easily accessible. Savings accounts typically earn interest and — unlike investment accounts — they're federally insured.

Retirement
Retirement

7 Retirement Savings Accounts You Should Consider From well-known options like 401(k)s to more obscure ones like SEP IRAs, these accounts will help you grow your savings.

Saving for College
Saving for College

Quickly compare 529 plans, ESAs, UTMAs, IRAs, and education savings bonds.

Savings Accounts
Savings Accounts

Accounts designed to let you set aside money that is separate from your checking account. Savings accounts A type of savings vehicle in which you earn interest on the principal, usually without minimum balance requirements but lower interest rates.

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Stocks
Stocks

An investment vehicle is a product used by investors with the intention of gaining positive returns. Investment vehicles can be low risk, such as certificates of deposit (CD) or bonds, or carry a greater degree of risk such as with stocks, options and futures.

Treasury Bills and Notes
Treasury Bills and Notes

But Treasury bonds, notes and bills all differ in the lengths of time they are issued and the manner in which each pays interest to investors. Understanding Treasury Bonds T-bonds have the longest maturities of all government-issued securities and are often referred to as long bonds.

Whole Life Insurance
Whole Life Insurance

Bobby thanks for your comment. In general my answer would be that I’m not a fan of this approach, but as with anything I’d have to take a look at the particular policy and the situation to which it is being applied. In general I’ve found that using life insurance as a retirement savings vehicle is not a sound approach.

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