Capital Preservation

[Burtakus]

Not really a trading reltaed questions but hopefully someone can help me.

I am trying to save up about 6-months worth of expenses as a rainy day fund.

I can put about $500 - $600 a month into an investment but want it to be fairly liquid and with a low possibility of loss. So far about the best I have found is bank CDs at ~4.50% APY and high interest savings accounts at ~4.50% APY.

Any other suggestions out there as to where to park my money?

Thanks

 

[ElectricSavant]

Open up an Oanda account...you get over 4% without locking it up...also if you find an extremly high probability set up, you can trade in some dollars to your account...

I can calculate the exact interest you would earn as of tonight...if you wish

Late Edit: It is 4.45% on your cash in an USD account.

Michael B.

 

[jzlucas]

Quote from Burtakus:

Not really a trading reltaed questions but hopefully someone can help me.

I am trying to save up about 6-months worth of expenses as a rainy day fund.

I can put about $500 - $600 a month into an investment but want it to be fairly liquid and with a low possibility of loss. So far about the best I have found is bank CDs at ~4.50% APY and high interest savings accounts at ~4.50% APY.

Any other suggestions out there as to where to park my money?

Thanks

Online Savings Accounts are paying 4.50% w/ no minimum's or fee's. EmigrantDirect.com comes to mind... (The same rate as your bank CD). There's a few others that are a bit higher but check for fee's. Most of them link to your checking account.