Cash management strategies

[obgyn65]

This is my approach too. Lots of CDs and Munis. Will try to keep about 20k-50k on average also on my BoA current account until I reach 62.

Aside from the floating balance I maintain in my payment account, I have my cash in three buckets:

- An online savings account paying something close to 1% (about a third of the balance)
- A loose ladder of CDs that started out with original terms of 5 to 10 years (about 50%)
- More recently, I put the remainder of what had been in the online savings account into I bonds as a way to generate slightly higher yields in what amounts to a 1 year CD