Recently left a job and picked up a severance windfall and am trying to figure out where to park it.
Right now, it is in a HYSA pulling in 4.25% in interest. Not terrible, but that will go down as rates are cut.
I already have a 6-month EF. I have no debt to apply it to, so I figure my options are:
-Leave it in the HYSA at 4.25% or less
-Put some of it in a 1-year CD at 4.5% (maybe higher rates elsewhere) Do a ladder, etc.
-Put it in Fidelity SPAXX, Government Money Market Fund 4.96% currently
I don't want to invest it, because I may use it for a down payment on a house in 1-2 years, etc.
What say the Bogleheads? Thanks in advance.
Right now, it is in a HYSA pulling in 4.25% in interest. Not terrible, but that will go down as rates are cut.
I already have a 6-month EF. I have no debt to apply it to, so I figure my options are:
-Leave it in the HYSA at 4.25% or less
-Put some of it in a 1-year CD at 4.5% (maybe higher rates elsewhere) Do a ladder, etc.
-Put it in Fidelity SPAXX, Government Money Market Fund 4.96% currently
I don't want to invest it, because I may use it for a down payment on a house in 1-2 years, etc.
What say the Bogleheads? Thanks in advance.
Statistics: Posted by InvestorSC2024 — Tue Sep 03, 2024 12:34 pm — Replies 5 — Views 552