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Ibonds without hesitation as long as you are certain you won't need the money for 12 months. You can buy up to $10k in December and another $10k in January. Lock in 7% return for 6 months then who knows but likely to be high again for another six months after that. Even in the worst case rate scenario it is a significantly higher return than the best savings/CDs in the current environment.
If you have a spouse/partner they can also do 10&10. I believe you can also do more with your tax refund but I haven't looked into that.
There is a 3 month penalty if pulled early but that is negligible given the higher rates. Say you get 7% for 6 months and then 5% the next six months. If you pull at 15 months you get 3.5% for the six months plus 2.5% for the second six months then the next 3 months 0% for a net return of 6% over 15 months. If you pulled instead at 12 months you'd get 3.5% and 1.25% for a net return of 4.75 over 12 months. Even if inflation ceased 😆 and the new rate was 0% instead of 5% you'd still get 3.5% return for those 12 months. Not a bad "gamble" for a risk free investment.
Ibonds can be cashed anytime after 12 months. Not a bad idea.
Better to lock down interest rates today than to save for 2 years and buy with a higher interest rate later
Coach
Savings account probably. 1 year and 2 year CDs if you don’t want to lose principal.
I put my down payment savings in USDC at BlockFi and Voyager.