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For many people, managing cash investments has meant letting their money idle in a passbook savings account paying 1.5 percent a year. But there are dozens of other options worth exploring, from certificates of deposit (CDs) and U.S. government securities to municipal bonds and corporate bond funds. By choosing the right mix of cash investments that meets your savings objectives, you may be able to give your annual return a big boost.
You should not choose cash investments solely on the basis of return, however. Generally, in exchange for higher earnings, you will either have to tie up your money for a longer time or take greater risks. A five-year CD, for ...