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Investing your cash savings can be challenging, with options like money markets, CDs, no-penalty CDs, and high-yield savings accounts. Money markets offer flexibility and liquidity, while CDs offer higher interest rates but may require a longer commitment. No-penalty CDs combine features of both, allowing early withdrawals without penalties. High-yield savings accounts are another option for earning more on your cash. NerdWallet suggests considering factors like interest rates, penalties, and accessibility to find the best return on your cash.

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