DW and I keep our EF in I bonds.But for those who insist in FDIC, I think CP will be a better choice over time than most banks, avoiding the need to be a yield chaser and keep moving banks.
We are not to the point where we can just use our AA for sinking fund items (cars,, etc.), especially since we are saving for a new house (currently renting due to career relocation).
We are tempted to use VCP as our sinking fund, but we don't like chasing yields. We don't want to open VCP only to swing back to Cap1 or Ally or whatever in 6 months. Not sure what we will do.
Statistics: Posted by 5outof10 — Mon Apr 29, 2024 11:33 pm