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Old 07-26-2018, 05:34 PM
 
Location: Chandler, AZ
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Where would you park $200,000 for six months or so that you had to keep liquid? Standard deposit account? Money market? Something else?
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Old 07-26-2018, 05:51 PM
 
Location: Texas
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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).
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Old 07-26-2018, 06:14 PM
 
1,645 posts, read 774,624 times
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Best I see on Ameritrade for a brokered 6 month CD is 2%, online high yield savings are running about the same or maybe a little less but would give you the liquidity.
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Old 07-27-2018, 06:40 PM
 
Location: Texas
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Quote:
Originally Posted by SuiteLiving View Post
Best I see on Ameritrade for a brokered 6 month CD is 2%, online high yield savings are running about the same or maybe a little less but would give you the liquidity.
Sucks for Ameritrade & it's users:
Attached Thumbnails
Short-term stash for cash-screenshot-2018-07-27-19.35.43.png  
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Old 07-28-2018, 07:22 AM
 
1,645 posts, read 774,624 times
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Quote:
Originally Posted by txgolfer130 View Post
Sucks for Ameritrade & it's users:
what does?
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Old 07-28-2018, 09:16 AM
 
11,356 posts, read 4,821,383 times
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Quote:
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?
I did this in 2010 after selling my medical practice assets. I just put the money into regular bank accounts. No fuss, no bother, come and go as I please. The few thousand difference wasn't worth it to me. If that few thousand is important, and you know that your time frame is exactly 6 months, then the CD would be a good option IMO.
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Old 07-28-2018, 09:38 AM
 
Location: North Idaho
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You can buy a 6 month CD if you know for sure you won't need the money for 6 months. If there is any chance you will need the money short of the 6 months maturity, put it into a money market account. It doesn't pay as much interest as a CD, but it pays a lot more than a pass book account. ( and a 6 months CD pays squat. You aren't going to get much interest anywhere that the money isn't at big risk)
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Old 07-28-2018, 11:32 AM
 
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CD for sure. Money markets pay crap rates. You can go on bank rate.com to find out who is paying the best rates.
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Old 07-28-2018, 01:49 PM
 
Location: Riverside Ca
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I did a high yield savings while I was house shopping. Put 150,000 in a account to have it liquid and to season so no loan people start whining.
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Old 07-28-2018, 02:33 PM
 
Location: Washington state
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I ended up putting my money in a money market, because I found out I could overdraw my checking account and pull from my savings account if I needed to. The thought that I could lose my debit card and lose all that money in my savings froze my soul. I left a thousand in savings and pulled the rest out ASAP.

I was looking for land, so I knew I might need to use the money at any time, so the money market seemed the best choice at the time. It didn't do so bad for me. What I'd like to do is build up the MM again to the point where I'm comfortable, then continue to save and put that money in a CD or invest it. Sort of like having different grades of savings accounts: an easily available one, one that I use for a rainy day, and one that is technically untouchable unless there's an extreme emergency.
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