Need idea on what to do with cash.

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dallas01
Posts: 13
Joined: Wed Jan 30, 2013 10:25 pm

Need idea on what to do with cash.

Post by dallas01 »

Greetings,
Due to the sale of a home I have 200k in cash I need to do something with. I do not want to tie it up in anything long term as I want to have it available and not want to have to sell something low etc. So, other than a money market paying about zero, do any of you fine folks have an idea where to park some cash and make more than .05% ??
Thanks in advance.
newbeginning
Posts: 26
Joined: Thu Feb 28, 2013 6:44 pm

Re: Need idea on what to do with cash.

Post by newbeginning »

High Interest Checking with an Internet Bank might pay as much as 1.00% and be safe. You have to make sure you jump through all the hoops though.

A short term bond fund like VFSTX might pay 2-3% this year but a 0.25% rise in interest rates could hit you 0.5% in value.

No free lunch!
icefr
Posts: 613
Joined: Sun Apr 17, 2011 10:50 am

Re: Need idea on what to do with cash.

Post by icefr »

Ally Bank is at 0.84%, no minimums. There are other online banks with similar or higher rates. That's where I kept my down payment money before I bought my place.
xram
Posts: 780
Joined: Sat Sep 15, 2012 11:36 am

Re: Need idea on what to do with cash.

Post by xram »

Check out everbank
VTI, VBR, VTWV, SCHH, VXUS, VEA, VWO, VSS, FM, VNQI, VBTLX, VFITX, SCHP, VWITX, IBONDS, EEBONDS, EF(EverBank), UTAH-529
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