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Investment to hold short term money
Old 09-28-2004, 06:37 PM   #1
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Investment to hold short term money

I've sold some bond funds and looking for a place to hold the $ and get some interest.

I'm looking at the ING Direct Savings account that pays 2.2%. Do you have any recommendations for something better?

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Re: Investment to hold short term money
Old 09-28-2004, 07:06 PM   #2
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Re: Investment to hold short term money

This question gets asked about once/week. * Try corporate money markets (Ford, GM, credit card companies, and mortgage lenders), and you should be able to get around 2.5%.

Or you can find 1-year CDs at around 3%, and 6-months are around 2.5%.

If the amount of cash isn't huge, some people like i-bonds for the short-term (min 1-year).

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Re: Investment to hold short term money
Old 09-29-2004, 05:23 AM   #3
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Re: Investment to hold short term money

Yep, a frequent query. I called 3 banks. They all had
promo deals at 2.5%. I was disappointed as I was getting 3%. Turned into a non-issue pretty quick
as I don't have any ready cash to stash right now.

John Galt
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