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Updated over 7 years ago on . Most recent reply
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What to do with your money while saving for a down payment?
Hey,
In the process of saving money for a down payment on my first rental property.
It would be nice to obtain some type of return while saving. I feel like I am missing out on opportunity cost. Parking the money in a savings account will produce a negligible return.
Any suggestions on what to do with the money while saving for the down payment?
Thank you
Most Popular Reply
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for the short term <8 months: Ally is 1.15%. Which is not that great, but if you're going to park it at least maximize returns.
parking in a big 4 bank earning .05% is not a good decision.