Savings account for down payments

[Andrew Ralston]

I’m starting to save for my first rental property and I’m wondering what type of account I should store my money and as I am accruing it to gain interest. Any thoughts?

[Tyler Gibson]

@Andrew Ralston I use wealthfront high yield cash savings account. Free and right now 2.12% used to be 2.57 before the interest rate cuts. I hear that ally bank also has good high yield interest rate accounts.