7. Buy bonds
If you're looking for a relatively safe place to put your money, you can invest in bonds. A bond is an asset offered by a government or corporation to raise money. In return, investors receive a fixed interest rate.
When you buy a bond, you typically receive interest payments twice a year. You also get your original investment back on the bond's maturity date. Alternatively, you can sell the bond early if the value has increased since you bought it.
8. Get a bank account bonus
Many banks offer bonuses as an incentive for new clients. Each offer includes an amount and requirements to earn the bonus. For example, a bank could offer a $300 bonus if you open an account and have at least $3,000 in direct deposits in the first three months.
Bank account bonuses are a safe moneymaking opportunity that many consumers don't know about. If you don't mind getting a new bank account and you can fulfill the terms of the deal, it's an easy way to add to your savings.
9. Try cryptocurrency investing
Cryptocurrencies are digital currencies that use cryptography for their transaction records. Bitcoin is the first and most well-known, but there are now thousands of cryptocurrencies you can buy.
If you want a high-risk, high-reward investment, cryptocurrencies fit the bill. They're extremely volatile, with some seeing gains or losses of more than 1,000% in a matter of months. Cryptocurrency shouldn't be a big part of your portfolio because of the risk involved, but it's an exciting option for investing extra cash.
