I’m seeing 5.1%, thought there were some better products out there. Just sold my house and not interested in rolling all of the money into the market.
I’ve been using a Ford Advantage money market account for years, the last time I checked it was over 5%.
A lot of the advertised rates are teaser rates or you have to jump through hoops to get it. If you can get 5% with a bank or financial institution you’re already using I’d do that just for the convenience.
When we sold our first home we knew we didn’t need the money for 6 months so we just opened a 6 month CD at the bank we were using.
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Fidelity money mkt funds are about 5%. 90 day and 6 month CDs there are 5.2-5.25% (higher rate than longer term). The rates change daily.
Thanks guys, guess a solid 5% with no hoops is the way to go.