Where do you park ca$h?

[wanaberetiree]

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?

 

[pb4uski]

Discover Bank savings account. 0.8% interest (better than many short term CDs) and FDIC insured.

 

[LOL!]

VCSH up 4.4% YTD.

 

[Grainiac]

VAIPX 5.19% YTD. Our 6-figure e-fund sits there for now. A bit riskier than VCSH and certainly not everyone's mama.

 

[fossil_fuel]

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.

 

[wolf]

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.

 

[jon-nyc]

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.

 

[2soon2tell]

GE Interest Plus. Current rate 1% - ugh.

 

[obgyn65]

I have got all my CDs at Edward Jones only.

 

[ronocnikral]

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.

 

[pb4uski]

VCSH up 4.4% YTD.

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.

 

[Letj]

VCSH up 4.4% YTD.

What is VCHS? Is that a mutual fund? I tried finding it on-line and couldn't find anything.

 

[kaneohe]

What is VCHS? Is that a mutual fund? I tried finding it on-line and couldn't find anything.

Google

 

[jebmke]

I use Limited Term Tax Exempt Bond fund. It has a duration ~ 2 so not a lot of risk.

 

[ziggy29]

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

 

[Letj]

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.

 

[wanaberetiree]

You can always park it with me and I can certainly be creative with it.

And what's your interest rate ?

 

[wanaberetiree]

I use Limited Term Tax Exempt Bond fund. It has a duration ~ 2 so not a lot of risk.

What is its symbol?

 

[dmdunca44]

Right now I park it in VWLTX

 

[teejayevans]

Short Term Investment grade for cash I don't need for >3 months
Money market for <3 months time horizon.
TJ

 

[GrayHare]

After Discover made off with several thousand dollars of mine, I won't deal with them further. Yes, perhaps I get a lower interest rate elsewhere, but I'll be ahead since I get my principal back.

 

[grasshopper]

6 months of expenses in MM, 3 years expenses in Vanguards Short-term Investment Grade (VFSUX). YTD Total Return 3.55%, Yield 2.56%, Duration 2.4 years.

 

[freebird5825]

Operating cash...credit union savings account
Emergency fund and infrequent individual stock purchasing...VYFXX (VG NY TE money market fund)

Income generating TE bond funds include VWALX, VMLTX, and VWITX. I occasionally tap the VWALX dividends for a few months for large purchases (like my new John Deere lawn tractor), otherwise all reinvested.

 

[pb4uski]

After Discover made off with several thousand dollars of mine, I won't deal with them further. Yes, perhaps I get a lower interest rate elsewhere, but I'll be ahead since I get my principal back.

What the heck happened?

 

[Ally]

For a minute, I thought "huh? With me?"