Hey Mustache folks,
Quick one here. I just took about 120k out of the market because it's earmarked for a house down payment and/or renovations that I should be making sometime within the next 6 months.
My questions is: where should I keep it in the meantime? My wife has a credit union savings account that has 1.1% APY. Or I could open a Capital One 360 which has a .75% APY.
Again, the money isn't likely to be in there for a long time, but since it's out of the market I'd like it to be doing some work for me. Is there an option I'm missing here or is the Savings account the way to go?
Isn't there sometimes a limit on how much you can withdraw from a Savings account at any one time?
Thanks!