Lee is thinking about stashing some of his savings and a short term investment, but he doesn’t want to invest if a minimum amount is required. What is his best option?
Lee's best option would be to consider stashing his savings in a high-yield savings account or a money market account. These accounts typically don't have any minimum deposit requirements and offer a higher interest rate compared to regular savings accounts. This way, he can still earn some interest on his savings without the need for a minimum investment. However, it's always advisable for Lee to do thorough research and compare different options to find the account that best suits his financial goals and needs.
