Short story--selling one house, will have 350K or so to use for construction draws on another house. What/where do you all put this money so it is easily accessible for draws, yet earns some sort of interest?

Money market. 0 risk of loss and pays over 4%. I always keep some in there and rest in stock indexes. Have a heloc too for if stocks way down and I don’t want to withdrawal.

@Sherry Wirtz You could look into a money market account too!

@Sherry Wirtz A high yield savings account will get you about 4% and you have easy access to the funds. I can’t recommend the stock market… just too volatile these days. If you know the timing of your need for the future funds you could look at setting up some short term CDs for part of it and probably get fractionally more interest. Those are at least 2 safe options for you. Look for an internet bank that is FDIC Insured. There are many…. We have used Bask Bank, which is a branch / division of a bank in Texas. They are FDIC insured. But again, there are many… so you can check your options. All the best! Randy

Where to stash proceeds from RE sale when I will need occasional draws for new build?Where to stash proceeds from RE sale when I will need occasional draws for new build?

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Where to stash proceeds from RE sale when I will need occasional draws for new build?

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