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Updated over 5 years ago,
Best Savings Methods to Save 40k in 2 years on a 60k Salary?
I'm recently out of college and looking to start investing in RE. After reading David Greene's Boor on BRRRR, I'm looking to get startedt as soon as I can put away enough in savings to outright buy a property to rehab. Based on my current budgets and goals, putting away another 40k in the next 2 years should get me going. I'm always looking for ways to increase my savings rate, but my question is this: What are the best types of accounts to save incremental installments of money for a time period of about two years?
Options I've considered:
- Savings Accounts @1%
- Money Market Accounts @2.15%
- 1yr CD's @2.65%