Comparing Savings Options: High-Yield Savings, CDs, and T-Bills.

High-yield savings accounts, certificates of deposit (CDs), and Treasury bills are some of the best investments that offer competitive returns and no risk to principal. High-yield savings accounts currently offer rates 10 to 20 times higher than traditional savings accounts, while CD rates have also been on the rise. Treasury bills have been a popular option lately thanks to their attractive returns in light of rate hikes by the Fed. All of these savings vehicles could be worth adding to your portfolio, depending on your investment time horizon.