Quote:
Originally Posted by champion6
Looking for some suggestions based on your first-hand experience
Where have you put cash?
Why did you choose it?
What are you earning on it?
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American Express High Yield savings account. It’s an on-line bank (doesn’t have to cover the expenses of a brick and mortar bank) that credits a higher rate than a typical bank account. It is currently crediting a 1.7% rate and is FDIC insured for up to $250,000. It only allows 6 withdrawals per year, but no limit on how much each withdrawal can be.