After the relaxation of the holidays, a new season starts again in September. How to invest the money between now and the end of the year? There are savers who may decide to wait until January to use their money. Maybe those who have some expenses planned for the beginning of next year. Or simply those who want to stay at the window in the next three or four months, to understand how the financial market and the economy will evolve. In order not to hold money in the bank in a fruitless way, here is the best investment for the autumn without keeping the money in the checking account.
In September, when activities resume, a challenging and in some respects quite uncertain autumn awaits us. The first source of uncertainty concerns precisely the progress of the pandemic. There could be the risk of a new wave as happened last October. This event could weigh on the stock markets which after months of rises could also decline. And then whoever had money to invest in September could decide to stay at the window and understand what can happen. Maybe with January the scenarios will be more defined. In the meantime, in order not to leave the money in the bank, where should the money be invested?
Here is the best investment for the fall without keeping the money in the checking account
There are not many tools available for a 3-month investment. One could focus on a BTP with a residual maturity of 4 months. It is true that this investment beats everyone because it offers the highest return, is safe and guaranteed, but in the long run. Today a government bond with a maturity of 3/4 months has a negative return, whether it is a BTP, a CCT or a BOT. So what tool to focus on? Even the alternative of postal vouchers is not viable, because an ordinary 4-month voucher pays nothing.
The best solution is that of the deposit account. This tool boasts many positive features for a short term investment. Safety first. The Interbank Deposit Protection Fund, guarantees the money deposited up to 100,000 euros. Another unique feature is flexibility. You can choose how many months to leave the money in stock, it can be 30 days, such as 2 months, 4 months or 36 months. The choice is not binding and the money is always available. That is, you can decide on a 6-month investment and withdraw the money after 3 months. The only penalty will be a lower return.
Returning to the need to invest for 4 months, how much could an investment make from September to December? Imagining to invest € 100,000, the deposit account with the highest yield on the market currently offers a net rate of 0.7% per annum. By investing today and withdrawing the money in 4 months, you will have 247 euros of interest.
To understand how to choose the most suitable one, here is the best deposit account ever to make money pay, get a safe return and always have it immediately available
Deepening
With € 10,000 here is who to choose between post office, bank and government bonds
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