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The Money Mustache Community
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Investor Alley
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Best Short Term Investment
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Topic: Best Short Term Investment (Read 1664 times)
civil4life
Bristles
Posts: 440
Best Short Term Investment
«
on:
October 02, 2017, 06:49:45 AM »
I have about $10k in a money market account. I may need to tap the money in early spring or more likely late summer next year. Is there a better way I should be investing this money?
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Car Jack
Handlebar Stache
Posts: 2141
Re: Best Short Term Investment
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Reply #1 on:
October 02, 2017, 07:15:26 AM »
Redneck Bank Megamoney account pays 1.5%. They put pretty restrictive limits for in/out for the first few months (like $1k a day) so keep that in mind. Yes, they're a real bank. I keep just under their limit of $35k in there.
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The Money Mustache Community
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Learning, Sharing, and Teaching
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Investor Alley
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Best Short Term Investment