Planning on make a big purchase ( land) in the next 3-5 years! Any recommendations where to put the money until I’ve reached my goal? I wanna be able to make a big one time deposit but also be able to put some into it monthly!
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Originally posted by Triple 7 View Postcurrent 1 year cd's are 3.5%+ right now. Money market rates are getting up there as well. That's the best we have seen safe money rates in some time
help a brother out?
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Originally posted by JTRichardson View Postwhere are you finding this rate? I am seeing rates <1% from most financial institutions currently
help a brother out?
You can sign up for a brokerage account, deposit money and do it all with the click of a mouse.
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Series I treasury bonds are yielding 9.62% through 10/31/22, and with the way inflation is going right now, I don't see that coming down too much when the new 6 month rate is released in November. Big negative is that you can only do $10,000 per SSN in your household per year. But, if you have a couple kids, that could be a pretty good chunk of change.
Edited to include link if you'd like more information.
https://www.treasurydirect.gov/indiv...bonds_ibuy.htmLast edited by Saltyag15; 09-14-2022, 01:16 PM.
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