1. High Yield Savings Accounts
One of the investment options with the lowest risk is a high yield savings account. The Federal Deposit Insurance Corporation (FDIC) insures your money up to $250,000 as long as the deposit is in an FDIC-insured entity.
5. Municipal Bonds
Municipal bonds are loans issued to local governments by investors. These are usually a good option for better returns with slightly higher risks than savings accounts, CDs, or saving bonds.