Investment to hold short term money

[dex]

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?

 

[wabmester]

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).

 

[John Galt]

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