Best account for down payment saving

[Andy Murray]

I am relatively new to real estate and am in the process of trying to save for a down payment. Right now I am stashing money away in a savings account earning 2% (not a lot, but better than most savings accounts). I am just wondering where everyone else keeps their money while saving up for an investment? I'd like to keep the money somewhat liquid in case I find something I want to buy with it, but I also want to get the most return for that money at the same time. Does anyone have better ideas? Thank you in advance!

[Mindy Jensen]

Ooh. This comes up frequently. We discussed it on the BiggerPockets Money Podcast with Andy Hill, Episode 34. (www.biggerpockets.com/moneyshow34) and (spoiler alert) we just interviewed J Scott for Episode 70 which airs on 4/29. That episode also has tips for places to stash your funds while you're saving up. 

There aren't a lot of options for high returns and low risk. 2% is about topping it out as far as safe spots to store the cash.