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Where to park your cash.(Your Money)(Column)

Consumer Reports

| September 01, 2001 | COPYRIGHT 2001 Consumers Union of the United States, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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