: Safe investment for elderly I'm helping with choosing investments for an elderly person. They just want to park their money and not be in the market, so something relatively safe for somebody in their nineties. They aren't

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Buying CD's are profitable, yes there are pros and cons of buying a CD. When you buy a CD, you promise to invest a fixed amount of money in a bank for a set amount of tenure. Your money is insured by the FDIC so there's security there. CD's steady interest rates offer fixed rates for fixed terms.

However, you can even go for Money market funds and Fixed Annuities

Money Market Funds: Money market funds pool the savings of many
people and invest them in a wide array of conservative securities,
such as commercial paper of companies, CDs, Treasury bonds. Money
market funds are not insured by the FDIC, so investors do risk
suffering losses if investments perform badly. However, this is rare,
because money market funds are required by law to invest in low-risk
securities and strive to keep their net asset value at a constant
a share.
Fixed Annuities: When you purchase a fixed annuity from an
insurance company, the insurer promises in exchange to make regular
payments until you die. This is attractive to investors who don't
want to deal with the uncertainty of the stock market and want to
avoid the risk of running out savings during retirement. A fixed
annuity has the added advantage, as with 401(k)s and Roth IRAs, of
being a tax-deferred investment.

Source: Ally