How much cash do you hold on a savings account? If not a savings account then where do you hold your cash?

like
Posting as :
works at
You are currently posting as works at

$30k for 6mos emergency fund. Another $45k in savings that I’m building toward down payment. With higher rates, will prob move $45k to 12-18mos CD

like

Not enough in savings and not enough in paper cash. I do keep some on TreasuryDirect.gov - why do people even bother with CDs when you can cut out the middle man?

like

20K in checking and 80k in emergency/house/vacation funds, of which around 70% is in a 2-year CD.

like

~10k (4 month emergency fund)

like

Marcus by Goldman. 12-18mos rates are 2.55%

like

Emergency funds in ally no penalty CD at 2% when over 25k.

like

Thanks! Those of you who hold cash in or thinking of putting cash into CD- since CDs have fixed term and carry sometimes steep penalties, what are the benefits of that vs say a bond fund or money market fund e.g. those cash accounts with brokerages?

Can I jump in and ask for some CD examples ?

Since the fed just raised rates... Does it make sense to wait and see if Marcus by gs will issue a higher rate CD or do they adjust the rate on existing CD like they do on savings accounts?

Related Posts

When settling with a title company plaintiff on a subrogation claim, have any foreclosure defense counsel received settlements over and above policy limits? What is your typical settlement range? How has settling on your subrogation claim negatively affected your counterclaims against the mortgage lender if at all?

like

What’s the most you would feel comfortable spending on rent in BH/WeHo for a 1bed at $250k TC and no debt?

likesmart

How do I invest in Secure Gold Bonds? Any reliable procedural steps or blogs or videos available?

like

Hey all! I’m 30 years old. About to close on a house with a 5.75% fixed 30 yr mortgage. If you were me and your goal was to maximize your net worth by retirement, would you put a few thousand dollars extra into paying down the house faster or invest that extra money in the market? The 5.75% doesn’t feel that low but also not crazy high so I’m torn. Thoughts? 🙏

like

Anybody have experience with JD-specific mortgage loans? I know BBVA offers one

like

Has any one went from reinsurance back to insurance? The money is great and all but the W/L balance isn’t. Has anyone else felt the same?

like

Anyone opted for NPS Employer contribution, is it good for tax saving? Is there any maximum limit to it? Does employer really pay it or deduct it from our CTC only?
Please help.

like

Imagine supporting this stuff––family separation, demolished environmental regulations, “very fine people,” and the rest––to get tax cuts... and thinking your grandkids will see you as the good guys.

like

UK - thinking of a buy to let in either Birmingham, Liverpool, Manchester - any recommendations on either /areas where you can get something under £140k.

like

What are some of the things that were a MUST when buying your first home and what were some things that you were more flexible with and why? I’m having a discussion with my partner about what we absolutely need and what can be worked on later. Also, any regrets?

like

What r y’all doing for Naija independence ?? 🇳🇬

like

MU & OCLR, stock bowl anyone?

like

Hi mates for Canada PR application,
Have anyone tried for gift deed kind of way for showing proof of funds for express entry

like

Does anyone think there is long-term viability in Cryptos?

like

Upload button in etax is not working for me. I am not able to upload any tax proofs because of the same. Anyone else facing the same issue?

like

What's the best airline stock to get into before the possible travel rebound next year? Do you also get in now or Q1/Q2?

like

What ETFs/stocks should I invest in for 1-3 years highest return but are somewhat safe?

like

More Posts

Good to have this bowl. Looking for some insightful conversations. Currently in the US, me & my wife are planning to move back to India.
Business Consultant here, 7 YOE.

like

How to discuss higher salary based on change in expected work hours per week

like

URGENT: Can anyone refer me for an entry-level software engineer/ Trainee Software engineer role (Java preferred)? I need a job on an urgent basis as my current organization has asked me to put down my papers due to changed business requirements (read layoffs) and has given me 30 days to find a new job. And I would really appreciate you guys if you can provide me with any help in this situation.

#layoffs

Thanks in advance

like

I'm looking to join VISA in a strategic director role, and have already applied. However I have two offers from other fintech's on the table. However VISA is my top choice, how do I expedite the interview process?

likehelpful

Any ladies want to go to happy hour tomorrow? 💁‍♀️ here

like

Hey everyone, Withum is still hiring entry-level staff accountants (audit and tax) with the start date of November 2023, experienced associates, senior associates, and more!
The firm is currently number 22 in the nation based on INSIDE Public Accounting. AMAZING culture, good wlb, and really nice people (at least in the nyc office). Please message me directly if you’re interested!

likefunny
like

Hi Fishes,
I had a technical discussion for HCL on 3rd Oct. It's been more than a week. I still haven't received a status on that interview. I have also received a "Resume shortlisted" mail from their careers app after a week.
Does it mean I'm selected? There's no intimation of the status at all. The HR don't reply on mails/calls.
Can anybody advise on this of they been through the same.

What should be the expected CTC for below role at Deloitte ?
USI-EH-Consulting-DC-Salesforce CPQ Functional-Senior Consultant. 
Years of exp :7.5 years
Please help ! Urgent !!!

like

Does PWC give free Udemy access?

like

Hi All,

I am a big data Engineer with a total experience of 4.5 years. My current CTC is 13.95L and fixed is 11.53 L
What would be a fair ask from other organisations with 4.5yrs of experience?

Thanks in advance

like

Hi all, my office is in RMZ ecoworld. Please suggest 1bhk house available for rent nearby starting from Oct 1

like

I'm entering my final year of law school but am going part time since I work full time as a paralegal. I have been a paralegal for more 10+ years and I want to open my own firm after I pass the bar.

I've worked at a lot of different size firms including a startup with a few attorneys and I was able to help with a lot of the ground work with getting the practice management system in place and still do some of that now at my current firm. Has anyone done this right out of law school? Any advice?

like

Any one planned or attended an Indian wedding in Seattle or New Jersey area? Can you please personal message me? I’m planning my wedding in December and would like some insights. Thank you!

like

Hello Sharks,
Kindly help me to understand How much hike i can negotiate with JMPC.

YOE 5 years
Current CTC 13.0
Skills: Python, Linux, bash script

Thanks in advance.

like

Looking for a referral for an opportunity in Capri holdings / Michael Kors. Please reply or DM me. Thanks.

like

Any recommendations on relocating to Hawaii? I am registered for the Hawaii bar but currently based out of Los Angeles and practicing in California as a licensed attorney.

like

As someone who is virtually our only compliance person at a mid-size company, I often get questions for legal advice. I am not an attorney and cannot give legal advice (my disclaimer), but I do look at the situation from a compliance/policy/process lens and urge to consult legal always. I feel as though it discredits me and my advice because I’m not an attorney. How can I better differentiate compliance from legal and still provide valuable advice?

like

Para 3

still there’s not a single good word spoken for me from her side. we do not have any understanding between us, i come from a conservative middle class family, even though i earn well and life is not difficult for me, i live way below my belt.
She and her family has threatened me and my family, that if things don’t fix between us then i will have to bear the consequences, they are rich and wealthy, they will implicate fake legal case against me and my family.

Is there a growth in GOC, how is work life balance.

like

Additional Posts in Personal Investment Chatter

Hello all!
I'm 26, I studied economics but I don't know why I'm not much into investing/trading. Someone else like this?
I recognize this is not a very good approach for someone with money "knowledge" and I would like to change this mindset. My main weakness is that I easily get bored of following the market and that I do not see big opportunities. Any advice?
Where to start learning, general advice for LT and ST investments, things you learnt, books that changed your pov on the topic etc.

Thx!

like

529 prepaid tuition plan: Anyone here who has purchased this? Would be great to discuss pros and cons. I’m thinking about this using Illinois Bright Start 529.

like

Just checked my credit score and it’s an 835. Is it possible to ever get an 850? If so how? (Know it’s not impacting any of my loans, just curious)

like

What finance podcast/show/guru do you prefer? Do you have go to finance books you recommend?

like

What is everyone’s outlook on crypto? I have some litecoin from awhile ago and wondering if I should indefinitely hold it. Thanks!

like

Looking at purchasing a townhouse/condo on the beach but the HOA fees are ~25% of the PITI. I’m wary of HOAs to begin with - any insight?

like

SBE, ABB, or BLNK for the best bet in the charging station space?

like

Using Robinhood to do some day trading. Bought a share of Amazon a few months back and have almost 30% ROI. Should I sell? It seems like it is too high right now and the bottom could fall any moment.

like

Recommendations for best ways to save for retirement after contributing to 401k up to match and maxing out Roth IRA?

like

If you invest ur HSA funds into stocks, do they get taxed upon selling? I know they grow tax free. But if I sell them and not make any withdrawals, wud I be taxed?

like

How do you handle personal investments when married? For example, say you wanted to invest in riskier areas like Bitcoin, Ethereum, defi tokens, etc. Would you talk to your wife before every investment even if it’s time sensitive? Or do you have joint investment buckets where you decide together and then personal investment buckets where you invest on your own? Not married so not sure how this typically works

like

Thoughts on Sunrun as a stock investment? Buy or avoid?

like

Looking at investing in FedEx and GameStop. Check out Forward PE and PEG, good earnings growth and operating cash flow. Thoughts?

Getting about $2200 back from Federal and $1300 back from NY State. Claimed 2 for both last year and having 2nd kid this year. Should I bump to 3 or keep as is?

I've heard from multiple people about how inflated the assets are and high the P/E ratio is, hence not a good time to invest in the market. Long term investors, how do you deal with this argument? P.s. I understand the time in the market>time the market.

like

I’m trying to buy my first house and my wife and I have a few IRAs from previous employers (Roth and non Roth). I read I won’t be penalized if I take out upto 10k from my IRAs for a first time house (except for taxes on the non-Roth accounts). Anyone know how true this is, how the process works, or have any advice? Is it a good idea

like

I’m 25 and have found a duplex I’m considering purchasing as a rental property. Planning on renting both units and have the cash to make the down payment without an issue. My cash flow analysis has a payback period of 3 years for my down payment and a 13 year payback period for the whole investment. I think financially it makes sense. My question is, is it realistic for a 25 year old young professional to handle dealing with all the extra curricular’s that come with owning a rental property ?

like

Is BRK-B a buy right now?

like

Should I sell or hold Tesla considering it’s joining SP500? Right now my profit margin with it is around 110%.

like

My org will be pausing the Employer match to 401k for a few months. What's the best strategy to optimize my investment at this time?
Ride along/increase or decrease my percentage?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal