The Best Investment Accounts: A Comprehensive Guide for New Investors

Opening an online brokerage account is easy: With most online stock brokers, you can sign up and start investing in minutes. Whether you are a seasoned investor or just starting to dip your toes into the world of investing, finding the right brokerage account is crucial. With so many options available, it can be overwhelming to decide where to put your hard-earned money. That's why we have compiled a list of the best investment accounts to help guide you in the right direction.

If you're starting to invest or looking for a new brokerage account, checking out the best online brokers is a great place to begin. Our picks for the best brokers to trade stocks include Fidelity, Charles Schwab, Interactive Brokers, E-Trade, Public, Robinhood, and Webull. These brokers offer a range of features and services to cater to both beginner and experienced investors.

For new investors, getting started can feel overwhelming. Our listing of the best brokerages for beginners makes choosing easy. Charles Schwab, in particular, is one of the best brokers for trading commodity futures, offering a range of brokerage accounts and products that meet the needs of virtually any investor.

Below, CNBC Select breaks down the best investment accounts for kids, not including savings vehicles like certificates of deposit (CDs) or high-yield savings accounts. High-yield savings accounts, CDs, bonds, funds, and stocks are all considered among the best investments available. The right investment for you will depend on your financial goals and risk tolerance.

More and more people are using health savings accounts, or HSAs, to help save for future medical expenses or even give a boost to their retirement savings. With a growing selection of available online brokerages, it can be daunting to find the one that meets your needs. Forbes Advisor can help guide you through the process of selecting the best investment account for your unique financial situation.