I know everyone likes to push their money into the stock market via ETFs, but I recently got married and we’d like to park our wedding gift/shared account money in a very conservative investment while we save for a house. I’m considering purchasing treasury bills that auto renew (right now 4 week T bills are 6% which is insane). Alternatively, I’m considering opening a high yield savings with apple or some smaller online bank offering ~4% interest. My only concern is these high yield banks offer high rates for a short period and then knock them down after they reach the deposits they’re looking for. Has anyone transferred to a high yield account that he consistently given decent returns compared to the rest of the industry interest rates?
I know the sentiment of always buying into the market - I have a good chunk of my own money invested in stocks but I’d like to be more conservative with our shared money. Thanks!
Submitted May 10, 2023 at 08:12AM by imasaltedpretzel https://ift.tt/RFUgISe
