Where do people keep these huge amounts for house down payments?

[Anonymous]

Brokerage account with a mix of stock and bond funds.

[Anonymous]

Ugh I have been living the “when are we moving” for over a year and it’s all sitting in savings. It’s too risky to do anything else with it and my high yield savings is more $ than shorter term CDs. i use Ally and I have been too lazy to split it up even though I know better.

[Anonymous]

Savings account. We have been saving for years for a down payment for a new home.

[Anonymous]

Anonymous wrote:Ugh I have been living the “when are we moving” for over a year and it’s all sitting in savings. It’s too risky to do anything else with it and my high yield savings is more $ than shorter term CDs. i use Ally and I have been too lazy to split it up even though I know better.

Me too!

[Anonymous]

Anonymous wrote:Ugh I have been living the “when are we moving” for over a year and it’s all sitting in savings. It’s too risky to do anything else with it and my high yield savings is more $ than shorter term CDs. i use Ally and I have been too lazy to split it up even though I know better.

My friend is sitting on A LOT of cash and it sits in his brokerage. He uses it to buy Treasuries at 3% or higher. That's one way to preserve principal and beat the CD rates, plus interest is not subject to state taxes.