| I just found out my husband has had a huge amount just sitting in savings doing zilch for years now. He doesn't stay on top of his money and he refuses to merge our bank accounts. What's the best way to make this money work for us at this time? CD or a treasury bond? |
| Treasury Direct account to buy Ibonds and a bond ladder |
| Today? Mattress. |
| Wealthfront. 4.05%, FDIC insured up to $2mln. |
| You could do a Merrill Edge preferred account. I think it’s paying 4.5%. |
m It’s 4.24% and can be linked to a Bank of America account if you have one |
Are you stupid? |
| bask bank |
| Vanguard Federal Money Market Fund (VMFXX) is yielding 4.54%. |
| What's the time horizon for this money - emergency fund, months from now, years from now/retirement? |
| Treasury bills. Today both the 13-week and 26-week bills were over 4.8%, and the interest is state tax free. |