CDs, Bonds, or Money Markets — How to Match Your Savings Vehicle to Your Risk Tolerance and Liquidity Needs

Zachary Mineur, CFA, CFP® in MarketWatch | March 2026

Zachary Mineur was quoted in MarketWatch breaking down which savings vehicles make sense depending on an investors risk tolerance, time horizon, and liquidity needs.

“It all depends on what the alternative consideration is, risk tolerance of the investor, and whether or not there are short-term liquidity needs from that savings. For investors who value the highest level of safety and don’t have a need for the funds in the immediate term, then rates are still decent enough that CDs can be a good choice. For folks with slightly higher risk tolerances, we can look to corporate bonds or bond funds that can pay a higher rate of interest and also potentially benefit from capital appreciation should rates come down. And for those with the potential for shorter-term liquidity needs, money markets or high yield savings accounts would be most appropriate, because CDs are meant to be held to maturity.”

Learn more about Zachary Mineur, CFA, CFP®, Chief Investment Officer of Independence Square Advisors, and subscribe to his quarterly market newsletter on LinkedIn.