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Updated over 5 years ago on . Most recent reply

Andrew Ralston's profile image
Andrew Ralston's profile image
Andrew Ralston
  • Flipper/Rehabber
  • from Snohomish, WA
  • Member since Sep 20, 2019
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Andrew Ralston's profile image
Andrew Ralston's profile image
Andrew Ralston
  • Flipper/Rehabber
  • from Snohomish, WA
  • Member since Sep 20, 2019
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Andrew Ralston
  • Flipper/Rehabber
  • Snohomish, WA
5
Votes |
25
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Personal Finance

Savings account for down payments

Andrew Ralston
  • Flipper/Rehabber
  • Snohomish, WA
Posted

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?

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Tyler Gibson's profile image
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Tyler Gibson
  • Real Estate Agent
  • from Orlando, FL
  • Member since Aug 25, 2017
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Tyler Gibson
  • Real Estate Agent
  • from Orlando, FL
  • Member since Aug 25, 2017
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Tyler Gibson
  • Real Estate Agent
  • Orlando, FL
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Tyler Gibson
  • Real Estate Agent
  • Orlando, FL
Replied

@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. 

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