#1
|
|||
|
|||
The $50,000 Question
I have $50,000 that I want to use as a down payment on an apartment. But my plan is to wait 3 to 6 months. Where do I put the money, other than under my mattress? CDs or Muni Bonds or something else? If it matters, I have a Fidelity account for my 401k.
Thanks. |
#2
|
|||
|
|||
Re: The $50,000 Question
does this mean if we answer it correctly we win $50,000?
if so, my answer is put it in the highest savings account with a reliable bank. |
#3
|
|||
|
|||
Re: The $50,000 Question
Shop around for a Money Market Fund or buy a 3/6 month CD
Note that lot of outfits have better rates for large MM deposits. |
#4
|
|||
|
|||
Re: The $50,000 Question
Unless you are certain you won't be touching the money for a length of time, just put it in an online savings account. Shop for a deal at ING direct, HSBC, etc.
The difference in return between a short term CD and a good savings account might not be worth the loss of flexibility. |
|
|