Suggestion Needed - Oka 50K Savings unnai

[jefferson1]

Leave it in the bank for emergency use or how are dealing with it?

[Assam_Bhayya]

antha cash undaa ne kaadaa. . . em jeyalno ardham kavadam ledaaa. . .inga inflation eppudu thaggedhi abbi

[Guest]

CD lo pettu oka 40 k…5% minimum interest vasthadi...you can take it out if you really need it without any penalty. Migitha 10 k high yield savings account lo pettu 

[manadonga]

Robbinhood vadu 5.25% istunadu 

[Pandubabu]

1 hour ago, jefferson1 said:

Leave it in the bank for emergency use or how are dealing with it?

when do you need the money back ? what is your risk tolerance ? 

[jefferson1]

1 hour ago, Guest said:

CD lo pettu oka 40 k…5% minimum interest vasthadi...you can take it out if you really need it without any penalty. Migitha 10 k high yield savings account lo pettu 

procedure please 

e bank aithe best, penality lenidi kavali

10 minutes ago, Pandubabu said:

when do you need the money back ? what is your risk tolerance ? 

may be in an year, safest aithe best.

i think chosing a bank is a good option to go with?

[Arjun9]

Move to Wealthfront Savings... 5.5% emo istunnadu

If market is bad, Cash is king

[Joker23]

2 hours ago, jefferson1 said:

Leave it in the bank for emergency use or how are dealing with it?

leave it in a high interest savings account or NO Penalty CD so that you can access it anytime. 

 

[no01]

CD vs HYSA difference enti? other than interest rate...like emergency funds withdraw cheyyocha without any fee/penalty ?

[viky]

2 hours ago, Guest said:

CD lo pettu oka 40 k…5% minimum interest vasthadi...you can take it out if you really need it without any penalty. Migitha 10 k high yield savings account lo pettu 

@Guest ae bank lo petachu?

[Guest]

16 minutes ago, jefferson1 said:

procedure please 

e bank aithe best, penality lenidi kavali

may be in an year, safest aithe best.

i think chosing a bank is a good option to go with?

Capital one or any local credit unions which give around 4 to 5%. Check penalty rules..most of them won’t have any penalty..you will just lose the interest in the worst case.

[Kootami]

18 minutes ago, Guest said:

Capital one or any local credit unions which give around 4 to 5%. Check penalty rules..most of them won’t have any penalty..you will just lose the interest in the worst case.

Ally bank kuda undi no penalty CD , you can withdraw anytime you want

[Sam480]

3 hours ago, jefferson1 said:

Leave it in the bank for emergency use or how are dealing with it?

marcus bank HYSA

[Sam480]

1 hour ago, no01 said:

CD vs HYSA difference enti? other than interest rate...like emergency funds withdraw cheyyocha without any fee/penalty ?

CD ki penalty untadi and time frame untadi enni days unchali ani, where as HYSA ki limits em undav

[papampasivadu]

7 hours ago, jefferson1 said:

Leave it in the bank for emergency use or how are dealing with it?

invest in a s&p500 fund like VOO or SPY....preferably in retirement accounts, brokerage account ayna parla