HighYieldGoat.com
Compare the Best Cash Savings Rates
✓ High Yield Savings
✓ Money Market Funds
✓ Exchange Traded Funds
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DO YOUR OWN HOMEWORK! These investments were chosen for their low risk and wide use for cash savings. But you shouldn’t just blindly trust this site….do your own research before investing! Nothing on this site is intended to be financial or investment advice.
Definitions & Explanations
Understanding the fundamentals of each investment type
ETF - Exchange-Traded Fund
An exchange-traded fund is a type of investment fund that holds multiple assets and trades on an exchange like a stock. The ETFs listed here invest in short-term U.S. government bonds, offering high liquidity and very low risk. They’re ideal for parking cash while earning competitive yields.
MMF - Money Market Fund
Money market funds are mutual funds that invest in short-term, high-quality debt securities. They aim to maintain a stable $1 net asset value while providing modest returns. MMFs are highly liquid and considered very safe, making them popular for cash management.
HYSA - High Yield Savings Account
HYSAs are typically offered by banks and are FDIC-insured up to a maximum dollar amount. They function just like other savings accounts except they tend to require online set-up and may pay higher rates than a bank’s traditional savings accounts. Click any of the bank names for information on that particular HYSA.
Yield
At HighYieldGoat.com, we use the following yields for comparison:
ETF: 30-day SEC Yield
MMF: 7-day SEC Yield
HYSA: Bank-advertised annualized rate
Frequently Asked Questions
Common questions about cash investment options
Is a HYSA, ETF, or MMF the best investment?
Well…it depends 🙂 You can see from the comparison table that the yields can vary quite a bit. It may be easiest to consider why people typically choose each option.
HYSA: better rates than most bank accounts, easy to set up, quick transfers, and online access
ETF: often the best rate available for cash-like investments (assuming you choose a short-term Treasury ETF), and easy to purchase particularly if you already have a brokerage account
MMF: very solid rates, highly regulated by government overseers, and can fit well with an existing account you may have with a brokerage or mutual fund company
Are these investments safe?
All options listed here are considered low-risk cash management tools. HYSAs are FDIC-insured up to $250,000. MMFs and Treasury ETFs invest in high-quality, short-term securities. However, no investment is completely risk-free. Always do your own research and consider your financial situation before investing.
How often do yields change?
Yields fluctuate based on market conditions and Federal Reserve policy. After investment, be sure to occasionally check rates to ensure you’re still comfortable with your holding.
What if I have suggestions or questions?
Feel free to contact us at highyieldgoat at gmail dot com.