High yield savings, money markets, CDs, or T bills? (lemmy.ml)

submitted 1 year ago by bytor9@lemmy.ml to c/personalfinance@lemmy.ml

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Where all my cash hoarders at and where do you park your savings?

Also, how do you decide how much cash to hold vs invest?

Personally I enrolled in Robinhood Gold for the 4.9% APY. It costs $5/month.

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[-] primetime00@lemmy.world 3 points 1 year ago

I have about 80% in index funds and Roth IRA that I never plan on touching until way later. About 15% in Ally savings account at 4.5%, and the rest on hand. The nice thing about Ally is that you get the nice interest rate, and you can pull from that pretty easily.

this post was submitted on 31 Aug 2023

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