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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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[–] jeffw@lemmy.world 8 points 1 year ago (2 children)

Treasury yields aren’t that amazing right now. If you need it liquid, just find a HYS. Some short term CDs go over 5% if that’s liquid enough for you

[–] ATQ@lemm.ee 8 points 1 year ago

VMFXX has a 7 day SEC yield of 5.28%.

[–] sugar_in_your_tea@sh.itjust.works 1 points 1 year ago

Really? I'm seeing t-bills between 5.3-5.4% yield right now, depending on duration. Treasuries have been great this year.