Any high-interest savings accounts offers around?

[Abe]

Hi everyone, we are selling our house soon and should clear ~$200k after closing costs. We don't want to put in stocks because we'll need it again in 3 years for a new down payment. T notes have only 1.124% yield. Is there anywhere else that has a better yield, like some promotional bank offer? Bonds seem kind of up in the air with the Fed's interest rate plans.  We will probably end up staying in California, so would CA tax-exempt bonds be worth considering?

[LadyBeard]

If healthy enough Life Insurance is a fantastic place to put your money. You can use it and see it as a Bank and it has interest rates of around 4.5% up. Costs are pretty high for older folk. I believe we are going to see Monetary Easing versus Tightening in a short while, maybe a year and a half. It will cost you to have money IN a bank.

Most people don't see LI as a Bank account but it can act as one.

[braje]

OP I'd look at CDs.

[Catbert]

Also look at:  www.doctorofcredit.com

They post a lot of bank incentive deals (e.g., deposit $10,000 for 6 months and get $200). 

[JoJo]

Ally Bank has a 1.6% 3 year high yield CD. or 1.3% for 2 year CD, allow you to raise the rate once.

[BlueHouse]

Ally Bank has a 1.6% 3 year high yield CD. or 1.3% for 2 year CD, allow you to raise the rate once.

+1 for Ally.