emergency funds

[wrichards58]

where to put my 23,000 that I might be using this next year for renovating our house... it is in the credit union not making anything. thanks

 

[KB]

I keep my spare cash in CDs in Ally or Penfed depending on the CD rates. The savings that I access occasionally is in Ally.

 

[MichaelB]

A recent thread that might be of interest http://www.early-retirement.org/forums/f28/where-to-keep-cash-64446.html

 

[obgyn65]

I would suggest a 1-year CD.

where to put my 23,000 that I might be using this next year for renovating our house... it is in the credit union not making anything. thanks

 

[pb4uski]

Online savings accounts are FDIC insured, immediately available and pay between 0.75% and 1.25%.

 

[SumDay]

Ditto for Ally. I'm not getting rich, but it won't go down....