Its all over the news these days interest rates continue to rise.

Student loan borrowers with variable rates and borrowers with credit card debt will certainly feel the pinch.

However, all is not doom and gloom when it comes to rising interest rates.

Two women measure a percentage sign.

Does market volatility make your stomach churn? We’ve got8 of the best low-risk investmentsto help your money grow safely.

No Interest Til Almost 2027?

Balance Transfer = Credit Card Cheat Code

1.

Those rates could continue to grow throughout the year.

Article image

There are many free HYSAs with no minimums though.

Dont Miss:6 Companies That Send People Money When Theyre Asked Nicely

2.

These accounts also usually limit the amount of monthly transactions and transfers you could make.

Article image

The money remains untouched over that time period.

Because of the lack of liquidity, CDs typically have higher interest rates than standard savings accounts.

A $5,000 deposit into this particular CD would bring an $867 return over the five years.

I Bonds are currentlyoffering a composite rate of 9.62%through October 2022.

Thats an unprecedented rate that could go up or less likely down after October.

Robert Bruce is a senior writer for The Penny Hoarder.

It sounds appealing right?

Check it out here!