Which financial products and services are the safest?

[deucher]

In today's world, it is impossible to say that some of your products are 100 percent protected, but you can prioritize where it is best to keep your funds. For example, first of all, whoever said it is a bank, because they are all insured, so even after it closes, you will be able to get your funds back.

[Angel]

The safety of financial products and services varies based on factors such as regulations, stability of institutions, and risk tolerance. Generally, federally insured products like savings accounts, certificates of deposit (CDs), and certain types of bonds are considered safer due to government backing. Additionally, diversified investment portfolios, particularly those including low-risk assets like blue-chip stocks and government bonds, offer relative safety. It's essential to assess individual risk tolerance and financial goals when selecting products and services.

[Lily]

If you want to invest and want to invest in the safest financial products and services, here are a few things you can consider:
Savings Accounts: Insured by the FDIC or equivalent, offering low risk and easy access to funds.
Certificates of Deposit (CDs): Insured and offer fixed returns over specified terms.
Treasury Bonds and Bills: Backed by the government, they provide stable returns.
Money Market Accounts: Generally low risk with higher interest than savings accounts.
Fixed Annuities: Provide guaranteed income over time, though they have some insurance risk.
These financial products preserve your capital and give you high returns.

[Bizdustry]

Probably, the safest would be savings account. Atleast in the UK, I'm not sure about other countries, there is insurance with each savings account which means by the unlikely event the bank goes out of business, your money will be covered and reimbursed. Just got to make sure you get a good interest rate.