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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.