krldrummerboy
Recycles dryer sheets
Buy back approaching for my VW TDI, so I bought a new car with 4 years free financing. I would like some recommendations on where to stash the $35k until needed with recurring monthly payments.
Current plan
Year 1 payments will sit in Ally earning 1%. The car payments, through Chase, will auto-draw from Ally each month. The better of Ally or Vanguard CD’s will hold the other years.
Question
On the Vanguard CDs and Bonds page there are a variety of bonds that yield better than CDs. Are these worth considering? Having never purchased Municipal or Corporate bonds can you please let me know the risk relative to a CD and whether or not these are tax free and if their stated yield compounds daily like the Ally CD clearly states (Vanguard CDs only says “yield”)
Municipal and Corporate A, AA, AAA
Current plan
Year 1 payments will sit in Ally earning 1%. The car payments, through Chase, will auto-draw from Ally each month. The better of Ally or Vanguard CD’s will hold the other years.
Question
On the Vanguard CDs and Bonds page there are a variety of bonds that yield better than CDs. Are these worth considering? Having never purchased Municipal or Corporate bonds can you please let me know the risk relative to a CD and whether or not these are tax free and if their stated yield compounds daily like the Ally CD clearly states (Vanguard CDs only says “yield”)
Municipal and Corporate A, AA, AAA
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