So i have $10,000 in an account and i'm only making around $1 per month interest on it. It's not doing much and i want to make it work harder.
What are some better (safe) ways for me to invest / move it? Are CDs a good idea?
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Based on your question, I am going to assume your criterion are:
CDs can get you a little more, but they're a little trickier. For example, a 5 year CD could get up to 2%. However, now you're money is locked away for the next few years, so this is not a good option if this money is your emergency fund or you want to use it soon. Also, if interest rates increase then your money market and savings accounts' interest rates will increase but your CD's interest rate misses out. Conversely, if interest rates drop, you're still locked into a higher rate.
There are many considerations before deciding on the best place for your funds:
How liquid do you need the funds to be? If this is for an emergency fund I would keep at least some in an account that you have instant access to,
What is your risk (volatility) tolerance? Would you be OK with the value dropping by as much as 30% in a year knowing that over time you'll probably earn 8-12% on it? If not, then equity funds or other stock investments are probably not the best move for you.
Do you need the funds now or are they for long-term (retirement) savings? Are you eligible to fund an IRA? That would defer your taxes until you withdraw the funds from the account, but there are age restrictions that you must heed to avoid penalties.
Are CDs a good idea?
They do pay decent interest, but in return for that you lock up your funds for a set period of time.
All that to say that there are many facets to determining the best place for your funds. If you provide more specifics you can get a more specific answer.
I disagree with most of the answers here so far because they are either too risky or too conservative and don't take taxes and retirement into consideration. OP, keep in mind the higher the potential return, the greater the risk. You haven't stated your risk tolerance, but consider the following:
Pick a certain percentage of your $10k to invest for the long term. Pick a low-cost index fund like the S&P500 Index. Historically this investment does well in the long run, and it gets you started in investing.
Keep the balance, the money you will need for the short term, right where it is not earning much interest.
Have you started saving for retirement? Consider starting a Roth IRA (if you are in the USA) with some of the money for tax advantages.
It's up to you to decide how much you should invest and how much you need to keep on hand for emergencies or short-term needs. There are plenty related questions on this forum you can browse.
Put the whole lot into a couple of low-cost broad index funds with dividends reinvested (also known as accumulation funds) and then don't look at them. Invest through a low-cost broker. There are a number to choose from and once you start googling around the theme of "index fund investing" you'll find them.
The S&P 500 is a popular index to start with.