I (26M) am in the process of receiving my inheritance, and in a couple weeks time I’ll have a windfall totaling roughly $200,000.
I am planning to set aside $100k of this for a down payment on a house, which I don’t expect to need for around 3 years. My partner and I are happy with renting at the moment and we are about to move to a city where it is currently MUCH cheaper to rent than to buy.
I am thinking of putting the money in a CD (bankrate has a number of options at 4.7% or more for a 2 year term currently), but am curious if anybody has other suggestions.
original posted by PaintingSimilar6701 to r/personalfinance on Fri, 19 Apr 2024 15:46:25 GMT.