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$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
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?
20K in checking and 80k in emergency/house/vacation funds, of which around 70% is in a 2-year CD.
~10k (4 month emergency fund)
Marcus by Goldman. 12-18mos rates are 2.55%
Emergency funds in ally no penalty CD at 2% when over 25k.
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?