Author Topic: Short term stash  (Read 2906 times)

geekette

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Short term stash
« on: August 06, 2013, 01:55:05 PM »
We have too much cash sitting around with no "job", but since my husband's been laid off, I don't want to put it anywhere risky, but it's a couple year's living expenses, so at least a good chunk of it can be somewhat inaccessible.

Capital 360 is paying a paltry .75%.  I got an offer from Nationwide for a 15 month CD paying 1.01% annually (w00t?) with a $100 bonus (in the form of a VISA gift card) after 60 days.  Minimum of $500 put in.  Yeah, I can do that.

Know of anything better?


fiveoclockshadow

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Re: Short term stash
« Reply #1 on: August 06, 2013, 02:19:42 PM »
There is little that is particularly great out there for cash and cash like savings.

The Ally 5 yr CD gives 1.5% with only a 60 day interest early withdrawal penalty (so you could use it for two year savings and withdraw early and be better than a 1% savings account).

For smallish balances check out high yeild checking and savings accounts that have a debit or prepaid card attached. You can get a few percent on up to 10K or so if you jump through their hoops (e.g. Use the card enough times a month, have direct deposits).

This is a frequent topic here, search will probably turn up some details. But don't expect much getting past two percent when all is said and done.