What's a good place for investing/holding savings for a house downpayment? Hoping to buy a house in the bay area in 3-5 years. Was thinking Lending club because I can buy 3 year notes. Anyone here have other suggestions?
I do lendingclub. You can get a bunch of 3 year notes, but you get some principal back every month and you won't be able to reinvest any of those payments if you need them down the road, so you'll need another investment vehicle for the payments you receive. You CAN sell the notes if you need to cash out quickly but I've never done it and I suspect you don't get good value from them. I could be wrong.
betterment
my bank account.
I used lendingclub and when the time came for me to put down payment, I was able to sell most of the notes. Worst case loss on any note was 1%
Hysa