Author Topic: Best place for a low-risk investment  (Read 1037 times)

ender

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Best place for a low-risk investment
« on: April 29, 2018, 10:31:33 AM »
We have accounts right now with Ally/Vanguard/Chase/USAA/Fidelity. Account proliferation...

Anyways, I am planning on putting a larger chunk of cash into an account somewhere but am not sure where. Current leading winners are more in Ally (1.5% APR) or something like Vanguard's money market fund.

Are there better options than either of those within the companies we already have accounts with?

Grande

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Re: Best place for a low-risk investment
« Reply #1 on: April 29, 2018, 11:38:33 AM »
Vote for Vanguard Money Market.

Super liquid and yields 1.8% and climbing. Also may be better tax wise versus CD or bank savings account.


Radagast

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Re: Best place for a low-risk investment
« Reply #2 on: April 29, 2018, 11:43:53 AM »
I'd look at the municipal money market, 1.54%. No need for anything below that. 1.97% equivalent at 22% marginal rate.

Car Jack

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Re: Best place for a low-risk investment
« Reply #3 on: April 29, 2018, 11:58:25 AM »
Ablebanking (Northeast Bank...Maine)... 1.70%

Redneck Bank (All America Bank...Oklahoma)... 1.75% $35k max


Dee18

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Re: Best place for a low-risk investment
« Reply #4 on: April 29, 2018, 12:35:07 PM »
Check at bankrate.com. You can get a better rate on a CD if you are not planning to touch the money for a while.