Even during a downturn, the stock market is essential for building wealth. But that's only if you can emotionally and financially handle the risk.
It's not, however, a good place to put your savings when you can't deal with volatility.
If that's the case, Business Insider reports it's better to store cash in a high-yield savings account, CD, or money-market account.
Interest rates on high-yield savings accounts and money market accounts have dropped even further in the wake of the coronavirus.
