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I'm hoping to buy a house in the next 1-2 years, but there isn't much inventory where I'm looking. I currently have the planned downpayment in cash, but I figure there has to be something smarter I can do with it. My criteria are: 1. I can pull the money out if/when I do find a house I want to buy 2. Not particularly risky short term. I don't want to put this in the stock market and potentially take a big hit if I won't have it in long enough for the ups and downs to average out. It looks like there are a few savings accounts that offer a bit over 1% interest, is there anything else I should be checking out? I took a quick look through the open threads and didn't see anything on this, but if I am duplicating an existing question let me know and I'll close/delete this post.
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Jan 3, 2018 04:55
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John Smith posted:Bitcoin is where the game is at. That's what I need, something that's both a bad long term *and* short term investment.
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Jan 3, 2018 19:05
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Space Gopher posted:sorry to seriouspost, but basically, you're not going to find what you want. Solice Kirsk posted:You're gonna be stuck in a savings account. Go online and look for banks that are offering a coupon for opening savings accounts with a certain dollar amount and pick the one with the best rate from those. If you're just keeping it around for less thana year you may be able to find somewhere that will give you a few hundred for keeping the funds in there for 6 months. That was kind of my thought too. I'll check out savings accounts and no-penalty CDs. It's too bad the housing market is such a shitshow right now, I'm wondering if I should just try and wait for the next downturn.
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Jan 3, 2018 22:02
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