U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
Old 07-28-2018, 03:31 PM
Location: Saint John, IN
10,638 posts, read 3,322,114 times
Reputation: 12748


Originally Posted by Grlzrl View Post
CD for sure. Money markets pay crap rates. You can go on bank rate.com to find out who is paying the best rates.
I agree! I wouldn’t put it in the stock market if you’re going to use it soon and want to preserve the value! Short term CD!
Reply With Quote Quick reply to this message

Old 07-28-2018, 06:39 PM
6,308 posts, read 4,772,649 times
Reputation: 8437
A low-cost Vanguard money market fund with daily "liquidity" (redemption). I use https://investor.vanguard.com/mutual.../profile/VMMXX. The current yield is 2.06%. The expense ratio is 0.16%. No penalty for early withdrawal, ever.

The problem with CDs is that if you need the money back in 5-1/2 months instead of 6, due to some unforeseen circumstance, the penalty for early withdrawal could be substantial.

I am a professional financial advisor.
Reply With Quote Quick reply to this message
Old 07-28-2018, 07:06 PM
4,115 posts, read 3,455,418 times
Reputation: 8202
Cattle. Actually that wouldn't buy many.
Reply With Quote Quick reply to this message
Old 07-28-2018, 07:08 PM
4,336 posts, read 5,277,329 times
Reputation: 4252
I can give you a bank account number where you can store it for a while. No promises on being able to get it back but I do promise to take good care of it and make sure nothing bad happens to it
Reply With Quote Quick reply to this message
Old 07-28-2018, 07:46 PM
Location: Myrtle Creek, Oregon
11,068 posts, read 11,469,953 times
Reputation: 17222
Originally Posted by txgolfer130 View Post
Either a brokered CD (could face some loss if you redeemed early, but not penalty's for doing so), or a purchased money market (no sweep accounts).
The only quibble I have is with "a". I keep my liquid cash in $10k CDs, so I don't have to eat the penalty if I only need part of the money. $200k would be 20 CDs.
Reply With Quote Quick reply to this message
Old 07-29-2018, 07:36 AM
Location: Long Island
748 posts, read 672,368 times
Reputation: 501
Most credit unions are running hear 2% rates for various liquid accounts both savings and checking. Sherry Federal Credit Union in Long Island, NY has a 1.75% checking account right now.
Reply With Quote Quick reply to this message
Old 07-29-2018, 08:01 AM
2,092 posts, read 796,775 times
Reputation: 4083
Originally Posted by jnojr View Post
Where would you park $200,000 for six months or so that you had to keep liquid? Standard deposit account? Money market? Something else?
OMG. Nice chunk of change!! I wouldn't take any risks deciding this on your own. Deal with your bank. Get some background before you meet with their financial officer such as check interest rates with a few different
institutions on line. For that amount of money you should get a decent return. Maybe 2.75%. I wouldn't put this in a high yield savings, that is just too fluid and would undervalue the size of the deposit. You might want to divvy up the total into 20K or 50K increments. Is it likely you will need the entire 200K all at once? Perhaps some of it at 6 months, a portion at 1 year, 18 months and so on. Mutuals on the 1 year - 18 months. With the market success in USA you just might get a 5%+ return. Don't wait too long, you might end up buying too high and take a risk with it.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.

Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top