where to park some money?

[Wille]

I am moving my cash to CIT savings at 2.4%.

 

[ESRwannabe]

I have a sizable cd coming due the first of december. I was considering parking this money in a savings or 12 month cd. I think the cd rates are going to climb for a while, but don't know how long to wait before getting a long term cd. my question is what would you do with it? use short term cd, use the no penalty for withdrawal cd, high yield savings, or just go with todays long term 5 year rates? do you think the cd rates will increase another point in the next twelve months or stay flat? thanks

frank

I need to start saving up some cash soon and was thinking about where to put it. I have decided to use the Vanguard ETF (VGSH) which is their Short Term Treasury Bond ETF. The bonds are all 1-3 years in duration, avg is 1.9 years. The SEC yield is 2.61%.

No credit risk, very mild duration risk, and its exempt from state taxes. Also having it in an ETF is convenient for buying/selling shares.

 

[freedomatlast]

VMMXX is up to 2.46% now.