re: Where do you park your money that you are saving to put towards a down payment on a house

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Let’s not get carried away...1.50% on $50K is only $750 annually pre-tax. Even high yield savings is not a game changer but it is a nice subtle bump.

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Right. But a savings account at a local bank might return like $5 for that same year. You wouldn't be happy if someone handed you $745 for doing absolutely nothing?

The point of my urgency was simply to suggest that it's not something he should put off. It adds up over time and the sooner you get the clock started the better off you'll be. The money is nothing to sneeze at, especially when purchasing a house. An extra thousand or two could pay for a granite upgrade or a new washer and dryer set. Again, for doing nothing other than filling out a form on a website.