38 upvotes, 2 direct replies (showing 2)
View submission: Favorite High Yield Savings Account?
Not a savings account but I-Bonds are a great place to park relatively short term $ right now--at least, much better than a CD. You have to keep them one year, and you have an interest penalty of 3 months if you cash them in before 5. Current rate is 3.54%. Fun fact: invented by Al Gore! They are benchmarked against inflation, so it's especially good right now when everything else is terrible.
Comment by michrnlx at 10/08/2021 at 02:15 UTC
3 upvotes, 1 direct replies
Pls tell me more about this!
Comment by mrs_frizzle at 09/08/2021 at 23:14 UTC
8 upvotes, 1 direct replies
Yes! Moved my EF here this year. Did 2 staggered contributions to help offset the 1 year of unavailability.