With talk of recession in the wind and stock-market turbulence in the headlines almost daily, you may be wondering where, aside from the nearest mattress, to stow your cash until the storm passes.

Depending on your goal—maximum safety, quick access, or a bit more interest—you have several worthy options to think about for those short-term savings.

But even before you start to save, consider reducing any credit-card debt you might have. It makes no financial sense to put your cash into accounts that are earning 3 or 4 percent if you're paying 15 percent interest or more on your credit cards.