3 EASY ways to earn 5% on cash in 2023

Cash is king in 2023! Short-term interest rates are at the HIGHEST levels in 22 years. Yet, a recent study suggested nearly 70% of Americans haven't done anything to take advantage of the big move.
In this video I'll show you 3 EASY ways to earn around 5% on your cash with virtually no risk. We cover high yield savings, CDs, treasury bills and money markets. For more info, check out these videos:
💰How to buy brokered CDs on Fidelity: • How to purchase broker...
💰How to buy treasury bills on Fidelity: • 2023 - How to buy trea...
👉 My professional focus is retirement planning for individuals age 55+. Please visit my website or reach out for a complimentary planning session. Thanks for watching! 😀
Ted Erhart, CFP®
Financial Planner
Anoka, Minnesota
www.norrislakeretirement.com
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Disclaimer: Becasue we don’t know your specific situation, none of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Ted Erhart cannot be held liable for any use or misuse of this content.

[@kitkarson4226]

Thanks. I love fidelity and your channel. 👍

[@TedErhartCFP]

I appreciate that! These kind of comments motivate me to keep going and constantly improve!

[@anon.cashpoorloser5285]

Also, while money market funds held in brokerage account (SPAXX, etc.) with fidelity aren't FDIC insured (250k limit), they are usually insured through SIPC at a $500,000 limit. I notice no one likes to mention this.

[@markaz1959]

Fidelity core cash is paying over 5%. No cd or treasury purchase required. Just as easy to set up account without transfer limits.

[@fmih]

yes but for how long? you can lock in the rate with a cd for years.

[@benjaming.2218]

@@fmihsaving interest rates and CD rates are almost 100% correlated with the fed funds rate. So….depending on your macro outlook…rates could table top here at the terminal rate, or depending on data, could go higher, especially if we see a spike in inflation. CD is great if you don’t need the money…but for the average plebe that’s tough to forecast.