Some low risk, non-equity options to consider are high-interest savings accounts, certificates of deposit (CDs), or short-term government bonds. Two high-interest savings account ETFs that we suggest are PSA and CASH. These provide relatively stable returns with lower volatility compared to equities. A money market account is a type of savings account with check-writing privileges, offering a slightly higher interest rate than a regular savings account. Money market funds, on the other hand, are mutual funds that invest in short-term, highly liquid securities like Treasury bills and commercial paper.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in PSA.