Submitted by MailsDavis t3_10om1fh in personalfinance
zmamo2 t1_j6fx2li wrote
Bad idea.
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Giving your land lord an interest free loan.
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Forgoing any interest in those funds
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Losing any leverage you may have had on your landlord should you need any work done in your appt.
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Likely losing all your $ if you wind up needing to move early.
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Losing access to those funds should you need them for something else
Put it in a savings account.
BringBack4Glory t1_j6ijs0v wrote
Not just any savings account - a high yield savings account.
A savings account that doesn’t pay market rate interest is also forfeiting quite a bit of money.
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