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High yield savings, money markets, CDs, or T bills? (lemmy.ml)

submitted 1 year ago by [email protected] to c/[email protected]

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Where all my cash hoarders at and where do you park your savings?

Also, how do you decide how much cash to hold vs invest?

Personally I enrolled in Robinhood Gold for the 4.9% APY. It costs $5/month.

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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

SNAXX is yielding 5.37%.

It really depends on why you’re holding the cash though- how long you plan on sitting on it. At some point it probably makes sense to lock in a longer duration t-bill/note.

I generally avoid holding cash unless there’s a specific spending goal in the next 3ish years.