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Where to park short term savings
Evepoly
Posts: 1 Newbie
Now that the Feds have hiked interest rates, where is the best place for short term savings? I get 0% at my bank and have some CDs that earn .30 - .70%. I purchased my first short term treasury bond with a 2% yield to maturity. I would like to start laddering these treasury bonds so one or two come due a month. I'm not sure how much to keep in savings at 0%.
What does everyone here do?
What does everyone here do?
0
Comments
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Currently 1.5% Chase savings, 1.56% Virgin M Plus Saver + premium bonds
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Where to park the thread would be the savings & investments board, where suitable options are discussed in numerous other threads:
https://forums.moneysavingexpert.com/categories/savings-investments
Or just https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/0 -
I think you may be US based? This is a predominantly UK based site. The fundamentals are the same but there are different products available in the US, treasury bonds (Gilts in the UK) are not a direct consumer product.1
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