FYI: Looking for a risk-free place to park some savings? You could open a garden-variety savings account, but your interest might be microscopic. A high-interest or high-yield savings account is smarter, but an even better option is a certificate of deposit, or CD.
While the top rates on high-yield savings accounts are currently topping 2%, you can find CDs paying more than 3%. But to earn that kind of interest, you better believe that you're going to have to give the bank something in return.
Regards,
Ted
https://finance.yahoo.com/news/why-consider-putting-money-cds-142648423.html