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CDs and Savings Accounts Yield 5% or More -- Should You Pull Money Out of the Stock Market Now?

TheMotleyFool

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CDs and Savings Accounts Yield 5% or More -- Should You Pull Money Out of the Stock Market Now?: https://g.foolcdn.com/editorial/images/750784/cash-in-wallet-2023.jpg

While it used to be difficult to find a savings account or a CD with a yield greater than 1%, that's no longer the case. As of mid-October, there are one-year CDs with yields of more than 5%, and even high-yield savings accounts in that ballpark. With that in mind, is it a smart move to reallocate some of your investment dollars to these risk-free instruments?

*Stock prices used were the afternoon prices of Oct. 12, 2023. The video was published on Oct. 13, 2023.

Source Fool.com

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