08-02-2017, 04:05 PM
Another vehicle you can use for semi-quick access to funds while still earning slightly higher interest rates than your checking account is a CD. I did a CD ladder strategy over the last year and a half or so because I knew that I may need quickish access to funds due to the impending house purchase. I would basically have different CDs mature every three months or so and if I didn't immediately need the money for anything I would roll it into another CD with as high of interest as we could find or dump it into the mutual funds. The interest you earn still isn't much but it's better than a couple cents if it was sitting in my savings account.
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks