« previous next »
Pages: 1

Author Topic: Where to put money when saving for real estate investments  (Read 1214 times)

ericrugiero

  • Pencil Stache
  • ****
  • Posts: 740
Where to put money when saving for real estate investments
« on: May 31, 2019, 08:35:05 AM »
I'm looking for a good place to put money when saving for real estate investments.  The money might be there a month or 5 years.  I'm looking for something that's fairly stable and keeps the cash available but still earns some interest.  Is a money market account the best option for this or is there something better? 
Logged

PDXTabs

  • Walrus Stache
  • *******
  • Posts: 5160
  • Age: 41
  • Location: Vancouver, WA, USA
Re: Where to put money when saving for real estate investments
« Reply #1 on: May 31, 2019, 10:06:37 AM »
If you really don't want the value to go down, and you might need the money in less than 12 months, I think that leaves you with FDIC insured accounts or something like VMFXX. Right now Ally is giving me 2.2%.
« Last Edit: May 31, 2019, 10:08:52 AM by PDXTabs »
Logged

Indexer

  • Handlebar Stache
  • *****
  • Posts: 1463
Re: Where to put money when saving for real estate investments
« Reply #2 on: June 01, 2019, 05:53:28 AM »
I'll second VMFXX, currently paying over 2.3%.
Logged
Pages: 1
« previous next »
 

Wow, a phone plan for fifteen bucks!