Where to park my investment money while saving for down payment?

[David New]

Where do most people save their money while they are putting it away to save up for their next down payment of a property or investment? I currently have a high interest savings account with Ally paying 1.25%. I know that's still high for the moment compared to most other savings accounts, but I'm eager to get something better. I know stocks would get me a much better return, but i'm also looking for a relative safe place that isn't so volatile for the next 8 to 12 months.

What is your go to for situations like this? I'm open to any and all suggestions. 

Thanks!

[George Smith]

Have you ever considered cash value whole life insurance? If you search this site, youll probably find it discussed. Many times people will try to compare it to other investments which is not a fair comparison. Its merely a banking tool which can partially replace your banking system. Theyve never not paid out dividends. You can take a loan against your cash(if structured properly). Although your paying interest, youre still earning interest on your cash which is pretty much a wash. But the positive is the volume of cash you can run through it earning interest tax free. On top of that, youre also picking up life insurance.  I would definitely look into to it. It might not be a great fit for everyone depending your needs but its basically a practice in "unconditioning" when it comes to managing money.