Have 30k in checking account

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[Post New]07/27/2023 16:42
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Anonymous
What to do with it? Ideally I’d be using it towards an eventual down payment.
[Post New]07/27/2023 16:43
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Anonymous
high yield savings account, CD
[Post New]07/27/2023 16:44
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Anonymous
Put it in a high yield savings account stat. Interest rates are well over 4 percent at the moment. Don’t let that money sit where it is a day longer - you’re giving your bank free money.
[Post New]07/27/2023 16:44
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Anonymous
Does your bank have a money market account possible? At least you'd get higher interest.

Depending on your timeframe you could buy a couple of CDs - maybe a 20K one for 12 months, a 10k one for 6 months (if this is emergency money you might need). Or google "laddering" CDs - buy a CD every month with a % of the money and just keep them rolling over time until you get to the point of home buying.
[Post New]07/27/2023 16:46
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Anonymous
Anonymous wrote:high yield savings account, CD


Capone and ally giving 4.3% right now
[Post New]07/27/2023 16:50
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Anonymous
Short term treasury bills (5+%)- - buy individual (not etf) hold to maturity.
CDs
High yield savings account
[Post New]07/28/2023 08:38
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Anonymous
How eventual is the eventual down payment?
[Post New]07/28/2023 23:21
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Anonymous
I'd go out and have a really nice dinner.
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