thefly21 t1_je8ckob wrote on March 30, 2023 at 3:36 AM

Reply to comment by LuvIsMyReligion in Are CDs the best place to keep money that I'll need this fall? by snowcal

Discover bank 6 month cd - 3.4%. Online savings - 3.6%

Of course, a 12 month cd is 4.5%, but the savings account makes more sense at 3.6 than a 6 month cd at 3.4. Also, rates for online savings can change ( you aren’t locked into your rate). Lately rates have been going up - if you open an online savings at 3.6, there is a good chance the rate will increase while your money is in it over the next few months (the way rates are currently)

thefly21 t1_je3b6mu wrote on March 29, 2023 at 2:31 AM

Reply to Looking to buy a home soonish (within 3 years maybe?) How much should i save for a down payment, for a home in likely the American Northeast region? by homerdough

If your target house is $150k, then your 30k will allow you to avoid PMI (mortgage insurance). If a higher target price for the house, try to save more. Getting to 20% down should be a must. PMI is money you typically never get back and with 20% down, it can be avoided all together.