High yield savings, money markets, CDs, or T bills? (lemmy.ml)

submitted 1 year ago by bytor9@lemmy.ml to c/personalfinance@lemmy.ml

9 comments fedilink hide all child comments

Where all my cash hoarders at and where do you park your savings?

Also, how do you decide how much cash to hold vs invest?

Personally I enrolled in Robinhood Gold for the 4.9% APY. It costs $5/month.

you are viewing a single comment's thread
view the rest of the comments

[-] primetime00@lemmy.world 3 points 1 year ago

I have about 80% in index funds and Roth IRA that I never plan on touching until way later. About 15% in Ally savings account at 4.5%, and the rest on hand. The nice thing about Ally is that you get the nice interest rate, and you can pull from that pretty easily.

this post was submitted on 31 Aug 2023

26 points (96.4% liked)

Personal Finance

3747 readers

11 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

WandererLagomorph799@lemmy.ml

nieceandtows@programming.dev

nieceandtows@lemmy.ml