3. Savings accounts

Savings accounts can be a low-risk option for investing your money. They offer interest rates that are higher than those of traditional bank savings accounts. They also come with some additional benefits, such as no minimum balance or withdrawal limits.

4. Certificates of deposit (CDs)

Certificates of deposits offer higher interest rates than savings accounts. They also have a set maturity date, so you know when your money will be available. This gives you a low-risk way of earning interest on your cash, without having to take too much risk.

5. Money market accounts

Money market accounts are a type of savings account that offer higher interest rates than regular savings accounts. They also have a low minimum balance requirement, making them ideal for those with limited funds. Money market accounts are a low-risk way to invest and can be used to earn a steady return over time, with minimal risk.