Looking to park down payment amount for home in CD or safe boring account for next 6 months as we scan for home. Which are good options available now. T bills. CD. Or short term bonds. Some banks are offering money to park funds in their savings accounts for 90 days. Any recommendations?

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It’s a bad idea to park your cash in saving in this day and age. Best put all your money in a well-diversified portfolio of Nvidia, Tesla, Palantir and watch it go to the moon.

You’ll forget about your home.

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Stonks ! Number go up. Moon-ed out.

Similar to the question about saving for a home down payment, a money market fund or high-yield savings account is the simplest and probably best option for at least a portion. You can also look at treasury bills and see if the rate after tax benefit is applicable better for your situation.

I guess the difference here is you have a relatively fixed withdrawal timeline so you could use a CD/CD ladder for a portion if those rates are better. For a house fund it isn't the best idea because you might need to pull it early and pay a penalty if you need to close before that CD matures.

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Following !

How much money are we talking about?

Banks will probably give you 3 to 3.5% via HYSA (which may be insured up to $250k). You might find 3.5% to 4% in CD’s or treasuries, which may have some tax advantages. I think bonds will likely be less than those. You might also want to explore money market funds.

Consider a money market fund as an option. Liquid. Competitive rates. Very low risk.

T/bills. Liquid and no penalty to exit at any time

Saw CIT bank yielding 4.1%. HYSA so not time bound like a cd

If you are in a HCOL state, tbill might be better?

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