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Highest return, zero risk you can find. CD, introductory savings account, etc.
3 years is too soon to be investing (bonds or equities).
$100,000
@Analyst OP Nice! Looking to go to b-school in the next 2-3 also. Any tips for saving up? You’ve pretty well so far. Also, are you foregoing retirement?
Nah I’m still contributing to 401k rn. Was pretty lucky to get out of college with no debt (parents helped), and I took high paying summer internships during college and saved that money. As for saving I just do an automatic transfer from my checking acct and that way I don’t really notice it haha
How much money? NetSpend checking accounts earn 5% up to $1K each (you can have 5 accounts). Heritage Bank offers 3.3% on balances up to $25K.
I would say CD. There is a reasonable (likely?) risk of a recession in your timeframe which would make pulling your money from investments a loser.
75% bond fund and 25% large cap fund