[Jennifer]

Where do you guys store your savings for things such as 6-12 month expenses, new car fund etc. Currently in a HYSA.

I’m looking for ideas on where to store funds that I plan to use within the next 6 to 12 months. Specifically, I’m thinking about savings for near-term expenses like emergency funds, upcoming car purchases, or travel.

I’d like a balance between accessibility and some potential to earn a modest return, but without high risk since these funds might be needed soon.

What are your suggestions for short-term saving options? Do you recommend high-yield savings accounts, money market accounts, or any other alternatives?

Any advice on how to approach this and maximize returns safely would be much appreciated!”

[Nikolas]

Anything less than 5 years I keep in a HYSA.

[Eli]

3 months in a money market. Beyond that in SGOV.

[Damon]

I try to keep it in our business because I don’t want to realize it as income unless we need it for some reason.

[Carla]

Our own bank, IBC.. uninterrupted compound interest, even when we take a loan!!

[Abra]

I’m still with Capital One for a HYSA. 4% as of a few days ago.

[Aaron]

Fidelity taxable brokerage core cash position which is a treasury money market fund. You can spend out of it like cash and it earns about 4.58% currently.

[Author]

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