If you haven’t subscribed yet, you can get thoughts and musings about personal finance and whatever else I find interesting straight to your inbox by clicking here: I’ve been working on building out a right-sized emergency fund over the last couple years, and one of the questions I find myself constantly trying to optimize around is: where do I park my cash to get the best interest rates? My general goal with holding onto a long-term emergency fund or other cash balance is to have it somewhere where I can at least beat inflation, which has been around 2.5% over the past 30 years, but to do so in a way that maximizes my access to the money in a pinch. This has been an increasingly hard question to answer as interest rates have said at zero or near-zero for such a long time. Personally, I have mine spread across a lot of different institutions and instruments as I’ve chased rates.
Deciding where to park a stash of cash
Deciding where to park a stash of cash
Deciding where to park a stash of cash
If you haven’t subscribed yet, you can get thoughts and musings about personal finance and whatever else I find interesting straight to your inbox by clicking here: I’ve been working on building out a right-sized emergency fund over the last couple years, and one of the questions I find myself constantly trying to optimize around is: where do I park my cash to get the best interest rates? My general goal with holding onto a long-term emergency fund or other cash balance is to have it somewhere where I can at least beat inflation, which has been around 2.5% over the past 30 years, but to do so in a way that maximizes my access to the money in a pinch. This has been an increasingly hard question to answer as interest rates have said at zero or near-zero for such a long time. Personally, I have mine spread across a lot of different institutions and instruments as I’ve chased rates.