Best rate for short term (less than 1 year) account
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Anonymous
| I have $120,000 from the sale of my house, which I plan to use on my next house. I might find a house in 3 months or in a year. Navy Federal offers a jumbo money market account at .6% interest. Is that my best bet? |
Anonymous
|
Bankrate.com
I use Capital One 360 myself. |
Anonymous
| You might investigate a longer term CD and canceling early. Penalty may not be enough to make up higher rate. |
Anonymous
| Ally MMA is .85. Cap1 is likely the same. Cursory glance has no-penalty CDs in the same ballpark. |
Anonymous
| Just saw that HSBC has 1.25% |
Anonymous
|
Check out this list OP
http://www.nerdwallet.com/rates/Money-Market-Rates |
Anonymous
| Thanks, everyone! |
Anonymous
| Cardinal bank offers 1.09% up to 100k per checking account. |
Anonymous
| Suntrust said they could get me at least 1.2 for 9 months, give them a call! |
Anonymous
| Thanks again! I used bankrate.com and found I could get 1.05% at GE Savings Bank. Opened the account and transferred the money online. Woo hoo! |