What to do with 300K for a year

[Anonymous]

Just sold our house, pulling out just over 300K. We are being transferred and have decided to rent for a year to allow us time to get to know our new area and decide where to buy. Where would you park 300K for a year? We will presumably be using it as a downpayment on the new house when we do buy in about a year. We have savings in the 400K range (stocks) company stock in the 250K range which is fully vested and 401K is at 550K. Cash is at $90K. What do you think that the best way to try to make some money but not take on huge risks with the money is at this point?

[Anonymous]

If you're going to use it in a year, 2 savings accounts in different banks (FDIC is good for only up to 250K).

[Anonymous]

What pp said.

[Anonymous]

Anonymous wrote:If you're going to use it in a year, 2 savings accounts in different banks (FDIC is good for only up to 250K).

Not a CD?

[Anonymous]

If you know it's at least a year, sure: 2 1-year CDs.

[Anonymous]

I guess cd

[Anonymous]

I would keep it liquid in case the housing market goes down in your new area and you want to buy sooner.

[Anonymous]

As far away as possible from the stock market!

[Anonymous]

Looks like CD right now are 1.3% and Money Market account 1.1%. The difference in the space of a year is a few hundred dollars. This would not be worth the loss of flexibility with the CD. I would open 2 money market accounts.

[Anonymous]

go to fool.com and do a few hours of research. pick some hot stocks. profit.