Why not some of this and some of this?Dear Bogleheads,
Long time follower with a question.
I have 8 months of emergency savings, more if I take out non-necessities. This cash currently sits in a money market account at my local bank making next to nothing. I’m looking to move it some place where it can make decent interest but is still available within a few days if needed in a pinch.
I feel like my research is causing procrastination and I just need some guidance. Should I:
- Open a high interest savings account such as Citibank offering 5.05% APY.
- Open a Vanguard Cash Plus Account.
- Put it in my VMFXX Vanguard Federal Money Market Fund Account which currently has nothing in it as it acts as the go between my checking and my Roth.
Thanks in advance.
j
Statistics: Posted by Sandtrap — Mon Jan 01, 2024 6:08 am