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short term rolling investments?

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  • short term rolling investments?

    planning on starting a business in the next 3-5 years. wanting to save around 75,000$ in the next 3-4 years.

    currently i'm just transferring a small percentage of my paycheck into a 1% yield savings account. i have less than $3k saved because I was waiting on my house to sale but plan on upping the money i put toward it soon.

    is this the best way to save? i can't say i'll need the money back out in 3 or 4 years but it will be at least 3.

    since i'm adding to it every week what are my options?

    thanks.

  • #2
    Does your bank offer an add-on CD where you can continuously add to the CD? That's one option. Another option would be I bonds. At current rates, you're far outpacing 1%, even with the early closing penalty.

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    • #3
      If u get a lotta money for the sale a high end cd could be great . Although I haven't seen many paying much over 2%. Your just looking for a good place to put the money right ? Dont expecting any extravagant growth , unless u wanna take another route

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      • #4
        i'll be lucky to make anything off the sale of my house. the market is crapped out here.

        my bank doesn't have an add-on cd but i'll check around.

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