Where to park your cash?

The UK Brexit vote has caused a huge gyration of the market and I’m pretty sure more fluctuations of the stock market will be coming in the weeks or even months ahead.  This may deter many people from getting into the stocks and for many people cash is probably a large portion of their liquid holding at the moment. So what are the options people may have for those who have a large chunk of cash in hand sitting on the slide lines? Keeping cash is obviously the most liquid and safest way for the moment but obviously you don’t earn anything. While expectation of earning much from cash holding is certainly naïve in the current zero rate era, there are a few other alternatives from which you may at least get something, better than nothing:

• The safest option is three-month Treasury bonds. They pay only about a 0.25% annual yield, so you won't get much more than if you stuffed your cash under your mattress. BUT these are among the safest investments in the world. So if you won't need your cash for the next three months, at least you know you're protected - and you'll make a little bit of money along the way. This may be especially useful for those who have much more cash than $250,000, an insurance limit by FDIC for cash in the bank.
• EverBank is an online bank, a very safe bank among a few that have not got into the financial crisis during 2008-2009. EverBank's Yield Pledge® Money Market has a great yield that is guaranteed to always be in the top 5% of Competitive Accounts. It's liquid - you can move money six times per month. And because EverBank is a member FDIC, it's insured up to the standard limit of $250,000. For first-time account holders, it currently has a first-year APY that is about 10 times greater than the national average (which is just 0.11%).
• Capital One 360 (Saving Account). This used to be from the ING online bank that was bought by Capital One. Similarly it is a member FDIC and it's insured up to the standard limit of $250,000. It pays 0.75% of interest currently and you can freely move your money around with linked accounts up to 6 times per month. I have used this account for years and like it very much to park my cash there. I hope Capital One will continue with it and keep the good services.
• Lastly with a bit more risk involved is U.S. Global Investors Near-Term Tax Free Fund (NEARX). This mutual fund invests in short-term municipal bonds. Its trailing 12-month yield was 1.47% - and that's tax-free. But keep in mind that both the yield and principal are not guaranteed. The fund is managed to keep price fluctuation to a minimum. Over the past year, the price range has been from a low of $2.23 per share to a high of $2.27.