HELOC Interest Payments

[Tanesha Lindsay]

Hello,

I plan to use a HELOC to buy an investment property in the next 2-6 months. PenFed bank has offered a 12-month 3.24% interest rate on funds that I draw at the closing table. I don't want to pay interest on the funds while I look for deals. Additionally, I don't want to miss out on such a low rate. What are some high-yield financial vehicles I can place the money in so I'm not losing on interest payments until I find my deal?