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Short term investments (6 months to 1 year)
Posted on 3/28/17 at 8:51 am
Posted on 3/28/17 at 8:51 am
I recently sold my home and am moving out of state. We are not planning on buying a new home for probably 6 to 12 months. I have about $80k and would like to earn at least a little interest on it. Does anyone have any recs? Thank you!
5
Posted on 3/28/17 at 8:59 am to Radiojones
What's your risk appetite?
Posted on 3/28/17 at 9:09 am to iAmBatman
quote:
What's your risk appetite?
This. If you want little to no risk, prepare for little to no return.
Since the OP wants this as a downpayment on the next home, I'm assuming that is the case and he should just stuff it in high-yield savings or something like that.
Posted on 3/28/17 at 9:19 am to Radiojones
I would just put it in a 1% interest savings account if you are only saving it for that period of time.
Posted on 3/28/17 at 9:26 am to iAmBatman
Little to no risk.
Posted on 3/28/17 at 9:27 am to Radiojones
Barclays 1% online savings. No fees
Posted on 3/28/17 at 9:42 am to Radiojones
Posted on 3/28/17 at 9:55 am to Radiojones
You can get a 1% APY on Ally Savings Acct. Not bad if you're trying to access it in less than a year.
This post was edited on 3/28/17 at 9:56 am
Posted on 3/28/17 at 10:49 am to Radiojones
Online savings account or a CD.
Posted on 3/29/17 at 9:30 am to Radiojones
Agree with the others. Online bank with 1.5% or above return.
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