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emergency funds
Old 03-11-2013, 08:36 PM   #1
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emergency funds

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
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Old 03-11-2013, 09:10 PM   #2
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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.
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Old 03-11-2013, 09:12 PM   #3
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A recent thread that might be of interest Where to keep cash?
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Old 03-13-2013, 01:13 AM   #4
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I would suggest a 1-year CD.

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Originally Posted by wrichards58 View Post
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
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Old 03-13-2013, 08:10 AM   #5
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Online savings accounts are FDIC insured, immediately available and pay between 0.75% and 1.25%.
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Old 03-13-2013, 08:49 AM   #6
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Ditto for Ally. I'm not getting rich, but it won't go down....
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