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bringonusc
LSU Fan
Katy, TX
Member since Aug 2007
3739 posts

Where should I park the proceeds from my home sale while my house is being built?

What are the best options for $300k from a home sale for 10-12 months?

We are building and the builder is carrying the construction loan until close.

Is high interest savings my best option? If so, any that you recommend?


TigerDeBaiter
LSU Fan
Member since Dec 2010
9728 posts

Marcus. Not the time to get cute


I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
36852 posts

quote:

What are the best options for $300k from a home sale for 10-12 months?


Dump it BITCOIN. When it goes to 40,000 in 8 months, BOOM you just paid off your house.



Ok don't do that. Probably just cash to be honest.


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191
HarveyBanger
Member since Mar 2018
897 posts

quote:

10-12 months?


HYSA is your only option here in these times. Really at any point but especially right now


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30
Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
2724 posts

quote:

Marcus. Not the time to get cute


Yep. He could put $150k in Marcus (or whatever) and another $150k in Ally (or whatever) just to stay under the FDIC limit. Most are right around 1% now on “high yield” savings.

And sorry, but I have to say, thank goodness that character who would always pop into similar threads and suggest Celsius, and those other fly by night crypto lending schemes, is probably hiding under a rock now. I dearly hope that no one wanting a safe, short term return took his “advice”.


rocksteady
Member since Sep 2013
695 posts

Agreed with Marcus or something similar. I personally use Marcus. Keeping it in cash and you’ll make a little bit in interest…~~ 3k for a year and peace of mind

Or you give it me and I’ll sell some weekly options for a year and turn that shite into 500k or 20k



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200
Triple Bogey
LSU Fan
19th Green
Member since May 2017
5126 posts

SQQQ is almost as safe as a HYSA these days


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15
makersmark1
Auburn Fan
earth
Member since Oct 2011
12435 posts

Get a cd.
Rates are going up a little.


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22
TD SponsorTD Fan
USA
Member since 2001
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Fat Bastard
Atlanta Braves Fan
Member since Mar 2009
60437 posts

CELSIUS!!!!!!!!!!!

DO IT NOW!

HURRY!


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101
Fat Bastard
Atlanta Braves Fan
Member since Mar 2009
60437 posts

quote:

And sorry, but I have to say, thank goodness that character who would always pop into similar threads and suggest Celsius, and those other fly by night crypto lending schemes, is probably hiding under a rock now. I dearly hope that no one wanting a safe, short term return took his “advice”.




i covered it for him. see my post above


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
2724 posts





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30
Twenty 49
LSU Fan
Shreveport
Member since Jun 2014
16402 posts

When searching CD rates (if you go that route), look for jumbo rates. Often require 100K+ but may pay higher rates.

Credit One Bank jumbo: 6 mo. 1.1%
12 mo. 2.0%

Capital One (any amount, linked to regular account)
12 mo. 1.75%
18 mo. 2.5%

Capital One also has 360 Performance Savings: 1% No minimum, no fees, rate adjusts with market. It's gone from .4 to 1.0 in the last several months.

Marcus high yield savings 1%
Marcus 1 yr CD 1.9%


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30
slinger1317
Houston Astros Fan
Northshore
Member since Sep 2005
4841 posts

If you have an AMEX card, they also have a high yield savings account currently at 1.00%. No minimums and withdraw at anytime.


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thelawnwranglers
LSU Fan
Member since Sep 2007
33959 posts

AMEX HYSA just went to 1%


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notsince98
Missouri Fan
KC, MO
Member since Oct 2012
15741 posts
 Online 

High yield savings over 1% is great choice. If you find a 6month CD with a higher rate, consider that too.


Diseasefreeforall
Miami (FL) Fan
St Clair Co
Member since Oct 2012
3751 posts

The Vanguard Federal Money Market Fund VMFXX is up to a 1.38% yield over the last week and pays monthly.
This post was edited on 6/29 at 10:26 am


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Chitown_Badger
Wisconsin Fan
A one drink walk from Wrigley
Member since May 2013
26061 posts

I've got a bunch in a Wealthfront cash account that's paying 1.4% APY.


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