Where can I park $300 to $500 per month while saving up for minivan?

[Anonymous]

We want to buy a minivan in another two years. We figured we can set aside anything from $300 to $500 a month. Are cds my only option? Given that a minivan costs upwards of 20k, I know this isn't a whole lot of money. Any bonus or extra money we have will go into this fund. Hoping we could save 10k by the end of 2 yrs. This money is on top of our emergency fund/retirement etc. So we are not taking away from our other savings. Thanks.

[Anonymous]

TD bank? You aren't going to get much interest anywhere.

[Anonymous]

SmartyPig is fun to use and since interest rates are awful everywhere this is as good a place as any-

http://www.smartypig.com/

[Anonymous]

Are you hoping to buy a used minivan without too many extras and more mileage? Because, unfortunately, that's the only minivan that's selling for around $20K these days. We went van shopping last month and the new ones were between $35-50K! Used vans (good models, such as Honda and Toyota) with low mileage weren't too far behind at $25-35K.

Good luck OP -- I think saving ahead of time is a wonderful goal.

[Anonymous]

ING

[Anonymous]

Can you join a credit union?

[Anonymous]

I second ING.

[Anonymous]

ing is about to be bought by capital one

[Anonymous]

Anonymous wrote:ing is about to be bought by capital one

I keep hearing about this but haven't received an official notice. When Is this supposed to happen?

[Anonymous]

Anonymous wrote:

Anonymous wrote:ing is about to be bought by capital one

I keep hearing about this but haven't received an official notice. When Is this supposed to happen?

if this happens I am closing my ING account. I will not have a thing to do with Capital One

[Anonymous]

Anonymous wrote:Are you hoping to buy a used minivan without too many extras and more mileage? Because, unfortunately, that's the only minivan that's selling for around $20K these days. We went van shopping last month and the new ones were between $35-50K! Used vans (good models, such as Honda and Toyota) with low mileage weren't too far behind at $25-35K.

Good luck OP -- I think saving ahead of time is a wonderful goal.

I purchased a Routan a year ago with all the bells and whistles (OK most of them) and walked out the door for less than $33K so I am not sure what features you needed that created a base price of $35.

For a budget in the low $20s, you can get a new KIA Sedoa gets really solid reviews - as well as a Dodge Caravan, Mazda 5, Nissan Quest and the Base VW Routan.

[Anonymous]

You can get a mazda 5 for 18 or 19 K...

[Anonymous]

Anonymous wrote:

Anonymous wrote:Are you hoping to buy a used minivan without too many extras and more mileage? Because, unfortunately, that's the only minivan that's selling for around $20K these days. We went van shopping last month and the new ones were between $35-50K! Used vans (good models, such as Honda and Toyota) with low mileage weren't too far behind at $25-35K.

Good luck OP -- I think saving ahead of time is a wonderful goal.

I purchased a Routan a year ago with all the bells and whistles (OK most of them) and walked out the door for less than $33K so I am not sure what features you needed that created a base price of $35.

For a budget in the low $20s, you can get a new KIA Sedoa gets really solid reviews - as well as a Dodge Caravan, Mazda 5, Nissan Quest and the Base VW Routan.

Routans get the worst safety ratings. Isn't it just a dodge with lipstick?

[Anonymous]

Here's the latest on the Capital One purchase of ING. Should be completed this quarter: http://dealbook.nytimes.com/2012/01/19/capital-one-expects-to-complete-ing-direct-deal-soon/

[Anonymous]

Anonymous wrote:

Anonymous wrote:Are you hoping to buy a used minivan without too many extras and more mileage? Because, unfortunately, that's the only minivan that's selling for around $20K these days. We went van shopping last month and the new ones were between $35-50K! Used vans (good models, such as Honda and Toyota) with low mileage weren't too far behind at $25-35K.

Good luck OP -- I think saving ahead of time is a wonderful goal.

I purchased a Routan a year ago with all the bells and whistles (OK most of them) and walked out the door for less than $33K so I am not sure what features you needed that created a base price of $35.

For a budget in the low $20s, you can get a new KIA Sedoa gets really solid reviews - as well as a Dodge Caravan, Mazda 5, Nissan Quest and the Base VW Routan.

We bought three years ago and what we found was that by buying the previous Year's model we were able to get all of the bells and whistles for the same price as the base model. However, we had no options about color. For us, it was worth giving up color choice to save a lot of money.