I am saving money for home purchase, want to find what is best way to get maximum returns without loosing principal(My down payment) ?
Savings account
What is the max interest on CD, is there any penalty for withdraw ?
Asking for broad advice is one thing. But then asking people to Google specific things for you is another.
What's your timeline to buy home
Not sure, so I want to be flexible to pull funds anytime
Step 1 figure out timeline. Otherwise it's up to personal choice and risk tolerance. Low risk: ally savings account: 2% Ally cd: 2.75% Medium risk: Bonds such as MUB, or vbtlx High risk: Stocks + bonds. You can choose you allocation. Can always do 80% bonds 20% stocks.
T bills
Savings account in an online bank - Ally, Marcus etc.
Buy bitcoin
Index funds
Savings account. Period!
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