Joe
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Consider the Vanguard Prime Money Market Fund with a current yield of 5.05% and an APY of 5.19%:
https://flagship.vanguard.com/VGApp/hnw/FundsSnapshot?FundId=0030&FundIntExt=INT
Sometimes other institutions will have a higher teaser rate, but Vanguard tends to have the highest yields I've found over the long run. (Vanguard money markets are not FDIC insured, however.)
Article on teaser rates:
http://www.marketwatch.com/news/story/banks-advertised-rates-dont-always/story.aspx?guid=%7B0A13B6E2-FFB2-4E2B-BD42-E2D1E01C52E5%7D
ING and HSBC often have rates close to Vanguard, and they usually are FDIC insured. You can check these at the following links:
http://home.ingdirect.com/
http://www.us.hsbc.com/1/2/3/personal/savings?code=husa
I hope you find these sites useful. |
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original321
 |
You are willing to take a $20k loss? Why not rent out your basement as an appartment to help pay your bills? |
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BUddy1017
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Very low risk = Money market or CD
Slightly higher = mutual fund (can be better dividends)
The good thing is if it's your primary residence and you've been there more than 2 years the profit is tax free. |
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stockoslayer
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For the purpose you are looking into, i would definitely put the money into a money market account. This should return about 4-4.5% interest.
A good company to look at is ING direct. It is an internet bank with great rates and a great reputation. |
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PJ
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Get a savings account from ING. I think they call it an Orange account.
No risk adn it pay very good for a savings account.
You can also look into money market accounts. |
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Saw
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CD |
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nibiru
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Low-Risk Stock Funds
Bonds and Bond Funds
Loan-Participation Funds
short-term bonds or money-market funds — the least risky of all investments. |
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Mike K
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If you want to go really low risk, you might consider just opening an Orange account from ING. It pays 4.25% interest with no risk. If you want to tie it up for 12 months in a CD, you can get 5.25% on a 12 month CD at ING.
Website: ingdirect.com |
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Sugar
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A ( C D ) all the way. That is what I have been buying lately. Money market account are down right now. So are regular savings. |
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Angela M
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every investment has a risk, but you can try investing small amounts into good stocks and see where that takes you. Plus with stocks you can usually pull you money out at anytime. |
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kiesha r
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I think it is the stock market because you can your investments if your not careful but if you invest in stocks your more likely to save more money. |
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Morgan M
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I say at this point your best investment is that house. It will gain more for you in that time period with less risk than anything else. Rent the house and let someone else make those mortgage payments, move into a smaller rental and cut back. That way you retain the credit benefit of being a homeowner (75% of the rent is counted towards your personal income), benefit from the tax breaks, retain the equity and the future equity of the property. The market may fluctuate but over time your property is only going to appreciate.
I am hoping that someone comes in after me and gives a really good low risk short term investment though! |
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Anthony F
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Renting a home 'till the market is better don't seem to make much sense, since the price of houses are now at a all-time low. If you wait the prices might go up again. I would not sell a fixed asset to pay bills. This is risky. I probably would declare bankruptcy. |
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Cheezwizzle
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A goldfish. |
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