CD Rates, below 3%- where to go?. Buying a house next year

[Turin39789]

Anyone have a recommendation on where to go for a 3 month cd? Bankrate.com has a lot listed but not so sure about some of their banks.

I've got $4k I want to put into a 3 month cd, and then I'll probably do closer to 10 for a 6 month cd when that is up.

I figure it's time to start putting this money somewhere it gets better interest. The money market at my local bank seemed high when I got it, but is down to 1.34%. I'm going to stick with them for checking because they offer no ATM fees + refund other banks ATM charges, but their cd rate is 2% so it's time to shop around.

After that it's back to playing the "improve the credit score" game. Mine needs big time clean up(661) hers is iirc 729 but we're going to see what we can do to push it over 750 by next June.

 

[Special K]

Here are savings accounts paying up to 3.75% APY:

Best Nationally Available Liquid Accounts

 

[TrueBlueLS]

Short term CD rates are going to be pretty crappy for the most part. I say suck it up and just put it into a 1 year CD for about 4% APY and go from there.

 

[Capt Caveman]

Etrade Savings is paying out 3.3%

 

[Turin39789]

Originally posted by: TrueBlueLS
Short term CD rates are going to be pretty crappy for the most part. I say suck it up and just put it into a 1 year CD for about 4% APY and go from there.

I'd like to, but we may be buying in June or July. I could go ahead and put what I have into a 6 now and a 3 later and just put the money we'll have together in Oct in it's own 6.

 

[sciencewhiz]

With 4000 in only 3 months, you'll gain way less then $100 interest over your money market. Is it worth it?

 

[DaveSimmons]

You're better off with high-interest savings, since you don't need to worry about renewals and may be able to leave the money in longer.

 

[thomsbrain]

If you have $4000 now, how are you going to buy a house next year?

Oh wait, it's Kentucky. Hell, you've got your 20% down payment already, what are you waiting for? 😉

But yeah, high-interest savings FTW.

 

[jlee]

Why not find a high-interest checking account?