Curious what you guys and gals recommend for my scenario.
I have about 15k in a savings account for personal and future-rental property emergencies. I also have about 60k in a checking account from a cash out refi. I'm looking for a rental property but don't know when it'll happen given the market I'm looking at. This could be in 1 month or 12. Money is currently with local bank earning subpar interest :(.
I don't know what the best way to organize this money is in the mean time so it doesn't grow as I wait.
Should I:
1. Put it all in an Ally Savings account? Link it to a checking so I can transfer and have it accessible in case any opportunities arise?
2. Put the 15k in Ally, and the rest in VTSAX?
3. Play the leprechaun game i.e...open a bank account, get $300 bonus deals, wait, and then shift the money around :)?
What do you recommend?
