Best place to park cash

[John Paul]

Our current Citibank pays 0.12% interest on savings in the money market savings account.

Time to move cash out of that bank.

Where do you think is the best place to park cash and earn more %.      100K  for about 1 year.

[Bill F.]

@John Paul for a year, move the cash to a high yield savings account, money market account, or high grade bond fund (I use GNMA). Those are roughly in risk/reward order from lowest to highest, though they will all give you some hedge against inflation.

Since you want to use the cash for another investment, chasing yield in an index fund is madness. Far to much volatility; the risk adjusted returns just aren't worth it.