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Where do you park ca$h?
Old 08-31-2012, 09:03 PM   #1
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Where do you park ca$h?

I keep my ca$h in MM and feel that there might be more creative ways people manage ca$h.

So , where do you park ca$h?
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Old 08-31-2012, 09:05 PM   #2
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Discover Bank savings account. 0.8% interest (better than many short term CDs) and FDIC insured.
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Old 08-31-2012, 09:15 PM   #3
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VCSH up 4.4% YTD.
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Old 08-31-2012, 09:33 PM   #4
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VAIPX 5.19% YTD. Our 6-figure e-fund sits there for now. A bit riskier than VCSH and certainly not everyone's mama.
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Old 08-31-2012, 11:24 PM   #5
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I've been keeping my emergency fund in a 5-year CD which pays 1.95% and my house down-payment fund in a savings account which earns almost zero.

I'm planning on transitioning the house fund into to series I savings bonds over the next couple years for the extra yield. I might put a bit into the vanguard short-term corporate bond fund as well.
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Old 09-01-2012, 02:00 AM   #6
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Originally Posted by wanaberetiree View Post
I keep my ca$h in MM and feel that there might be more creative ways people manage ca$h.

So , where do you park ca$h?
Reward checking account. Provident Credit Union. I think 2.2%. First 25K.
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Old 09-01-2012, 02:59 AM   #7
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Tiaa-creff, 1.25% savings. Not sure its available to new accounts.

Fatwallet forums keep pretty good track of the best interest rates on online accounts available at the moment.
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Old 09-01-2012, 04:54 AM   #8
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GE Interest Plus. Current rate 1% - ugh.
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Old 09-01-2012, 06:05 AM   #9
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I have got all my CDs at Edward Jones only.
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Old 09-01-2012, 08:26 AM   #10
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You can always park it with me and I can certainly be creative with it.

I've said it before, and I'll say it again, 5 yr CD's w/ Ally.
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Old 09-01-2012, 09:38 AM   #11
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Quote:
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VCSH up 4.4% YTD.
Quote:
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VAIPX 5.19% YTD. Our 6-figure e-fund sits there for now. A bit riskier than VCSH and certainly not everyone's mama.
I have some ST Corporate Bond as well (but the fund version). Since it has some interest rate risk I don't consider it to be a cash equivalent.

However the impressive YTD yields that you both are quoting probably include significant interest rate gains. The SEC yields are 1.53% and -0.76% respectively and the durations are 2.8 and 6.2.
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Old 09-01-2012, 09:44 AM   #12
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VCSH up 4.4% YTD.
What is VCHS? Is that a mutual fund? I tried finding it on-line and couldn't find anything.
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Old 09-01-2012, 10:15 AM   #13
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What is VCHS? Is that a mutual fund? I tried finding it on-line and couldn't find anything.
Google
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Old 09-01-2012, 10:19 AM   #14
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I use Limited Term Tax Exempt Bond fund. It has a duration ~ 2 so not a lot of risk.
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Old 09-01-2012, 10:20 AM   #15
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What is VCHS? Is that a mutual fund? I tried finding it on-line and couldn't find anything.
You wouldn't if you Googled VCHS instead of VCSH:

VCSH: Summary for Vanguard ST Corp Bond ETF- Yahoo! Finance
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Old 09-01-2012, 10:45 AM   #16
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You wouldn't if you Googled VCHS instead of VCSH:

VCSH: Summary for Vanguard ST Corp Bond ETF- Yahoo! Finance
Thanks! That's probably what I did.
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Old 09-01-2012, 10:56 AM   #17
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You can always park it with me and I can certainly be creative with it.
And what's your interest rate ?
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Old 09-01-2012, 10:58 AM   #18
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I use Limited Term Tax Exempt Bond fund. It has a duration ~ 2 so not a lot of risk.
What is its symbol?
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Old 09-01-2012, 12:44 PM   #19
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Right now I park it in VWLTX
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Old 09-01-2012, 01:11 PM   #20
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Short Term Investment grade for cash I don't need for >3 months
Money market for <3 months time horizon.
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