What would be an appropriate investment option for someone wanting low risk and steady income?

A high-yield savings account is an excellent investment option for those seeking low risk and steady income. These accounts typically offer a higher interest rate than regular savings accounts while maintaining the security of being insured by the FDIC, ensuring that the principal amount is protected. This makes them a stable choice, as account holders can expect consistent returns on their deposits without the volatility associated with more aggressive investment options.

In contrast, real estate investment trusts can provide profits and dividends but come with market risks and potential fluctuations in property values. Commodities trading involves high volatility and uncertainty, making it unsuitable for conservative investors. Penny stocks are known for their potential for significant losses due to their low price and minimal regulation, which increases investment risk. Thus, for someone prioritizing safety and regular income, high-yield savings accounts are both practical and secure.