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  1. J

    Bank is offering 4.6% APY - should I park $220k my savings in there?

    @matthewsjc1 I know, I will regret. Thank you for the book suggestion and encouragement - I might give it another go then!
  2. J

    Bank is offering 4.6% APY - should I park $220k my savings in there?

    @mcolley10 State bank of Texas is offering 5.4%! What do you think of them?
  3. J

    Bank is offering 4.6% APY - should I park $220k my savings in there?

    @muel57 Thanks. Im only considering short term for now but depending on the mortgage rates by then, if it makes sense then it may make sense to use only partial funds, get a mortgage and invest in the rest. I just ordered the book now - looking forward to reading it!
  4. J

    Bank is offering 4.6% APY - should I park $220k my savings in there?

    @bucky88 I just did some research and found out that Capital One is offering 5.10% for 10 months. That actually works for me so I just signed up! I don't think I can get a better rate than 5.10% - I just don't think the feds will raise that any higher. Or will they? Thoughts? As for bonds and...
  5. J

    Bank is offering 4.6% APY - should I park $220k my savings in there?

    @christianchurches Thank you for taking the time to explain. What app or company do you use to purchase index fund / S&P 500?
  6. J

    Bank is offering 4.6% APY - should I park $220k my savings in there?

    @mcolley10 I’m saving this money for a down payment on a condo that I’ll be closing at the end of this year / early 2025. I just want to venture and park this money somewhere for now. Not saying I don’t want to learn about stocks. But I have given it a try - have traded and used Robinhood in...
  7. J

    Bank is offering 4.6% APY - should I park $220k my savings in there?

    @adamgarfield Where is that rate from? Who’s offering 5.21%?
  8. J

    Bank is offering 4.6% APY - should I park $220k my savings in there?

    Hello! I would like to seek some advice on how to manage $220k that I have sitting in my savings right now. This morning the bank sent me an email offering me a 4.6% APY with a 12 month promotional interest rate. I'm thinking of parking $220k in there for a year. Is this a good move if I don't...
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