These days people are looking for something solid and sure in everything they own and have acquired throughout the years—money not excepted. With the current financial situation and the fluctuating stock market many have lost large amounts of money to bad investments. This is why many people consider pursuing a few smart money, short-term investment options to reduce the risk of losing the initial funds you’ve invested. Others go for long-term assets no matter the financial climate; however, short-term options are becoming more and more common.

Lots of people are seeking the best short-term cash investment. The main reason for this is because this kind of financial investment — while offering a modest financial return — keeps funds available for when they are needed. This is compared to long-term investments, where there can be a substantial waiting period before you can withdraw the interest you have earned or even your principle itself. If you need extra income now, short-term investments are the way to go!

So, if you are convinced that investing in a short-term cash option rather than long-term investments is the better choice for you, then here is a list of some popular options you may want to consider:

Checking Account – While these accounts are commonly used for everyday transactions, they can be a good way to save money. Some checking accounts allow the consumer to earn a small amount of interest on funds saved.

Savings Bank Account – Savings accounts have been around for years, a mainstay in the economy. You can open your own savings bank accounts with a little deposit and no time at all through any banking institution. The minimum deposit and other qualifications will vary depending on the bank you choose, but they’re never substantial. Furthermore, the maximum amount necessary to sustain the account has been lowered considerably in recent years.

A drawback to this option is the fact that the yield on your investment is so low. When it comes to money-making investments, the low interest rates of a savings account are not high on the list of investment schemes. If your balance is low, it can take a year or more to earn more than a few cents on the money you’re saving.

While this is not a large income yielding investment, a savings account is still a great option for those who just want to save money in something other than a piggy bank. For folks who are money minded and would like an account that can protect surplus income while assuring a supply of liquid funds, this is an excellent choice. Most savings accounts are free with a checking account at any local bank.

Money Market – This form of short-term investment can be acquired through your local bank. This is one specialized form of mutual funds where the focus is protecting the capital and maximizing returns. Money market funds are not quite as liquid as your money would be in a savings account, but many offer very flexible terms.

Fixed Bank Deposits – These are also referred to as term deposits. The yields for this kind of investment are generally higher than for money market funds, since a 30-day minimum investment period is required.