Updated almost 7 years ago on . Most recent reply
Where do you park your investment savings?
My wife and I currently have three Ally savings accounts:
1). Emergency fund (4 months or so)
2). Investment savings (automatic contributions each pay period and dedicated to investments outside of our Roth/401k’s)
2). Personal Savings (automatic contributions and dedicated for fun/non investing items such as vacation and personal residence projects)
We really like Ally and the APY is much better than traditional savings accounts- currently 1.90% APY. Really starts to add up If you’re saving aggressively.
What are other people’s strategies?? Does anyone put savings in other types of accounts? Our current investment horizon is about 1 year our so it seems like a savings account is our best bet to keep the cash liquid.