Started working just over 2 years ago. I have about ~$20k in a Roth IRA and a bit more in my 401k. However, I have virtually no money just sitting around in a savings account. (Spare the emergency fund lecture pls) If I wanna buy a house in ~2 years I need to build up a down payment fund NOW. Best place to put this money so it can grow some yet still easily liquid?

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For a 2 year horizon you either keep it safe in a HYSA or invest it and know that it could lose a lot in the next 2 years. Up to you how much risk you are ok with. Could put some in I bonds also

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If you don’t have a solid emergency fund you should not be thinking about buying a house.

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OP you are playing with fire and don’t even know it.

Ibonds + HYSA. You could get cute and try to invest in the market but it could easily be worth less in that short of a time frame.

Crypto stablecoins could be worth looking into if you're willing to take the risk.

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Yeah I also have a small portion of my cash there. I treat it like a risky savings account.

Roth is actually not terrible aside from the contribution limits. If you pick really conservative investments, you can get tax-free gains and always pull out your principal when you're ready. Beats <1% interest in a savings account.

You can always pull your principal out of a Roth, but not any gains. So if you started today for example, you can enjoy tax-free gains for 2 years and then pull out 12k at house buying time.

As the comment above me suggests, there's definitely an opportunity cost to using up Roth contribution limits for safe investments. This advice was primarily based on the requirement to be liquid. If you're open to being less liquid, you can look into things like CDs, tax-exempt bonds, etc.

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HYSA

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