For a long time, cash had so little returns that baby boomers had no choice but to invest more in riskier stocks as they approached retirement to get the returns they needed.
But since the Federal Reserve started jacking up its benchmark interest rate, that’s shifting and cash investments are seeing some of the largest yields in more than a decade.
The average online savings account return is now 4.39%, according to DepositAccounts.com. The average yield on an online, one-year certificate of deposit, or CD, is now 5.10%, while the one-year Treasury bill is yielding 5.46%.
Source: Yahoo Finance
