Where fo you park money where it will be easily available if you need it without risking principal
I’ve got an account with American Express Bank. Similar to a money market account, currently paying 3.7%. Allowed a small number of transactions a month. They are probably others that are similar. There are also short term cds and T bills.
1 Like
If it needs to be easily available, regular savings account or money market account.
I have some share certificates, basically CDs, for $ that doesn’t need to be accessed quickly.
1 Like
Same.
I’ve had a Ford Advantage Money Market for almost 30 years, it’s currently paying 4.5%. It was 5.5% last year. I don’t think it’s FDIC insured but I’ve never had a problem or worry about it.
We use a money market account at our local bank. Interest rate is not great, but the money is there if needed.
1 Like