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

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

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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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Marcus. Not the time to get cute

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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”.

SQQQ is almost as safe as a HYSA these days

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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”.

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i covered it for him. see my post above

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%

AMEX HYSA just went to 1%

The Vanguard Federal Money Market Fund VMFXX is up to a 1.38% yield over the last week and pays monthly.