Saving for a First Home! How to make the most of my principal

[Eric Castaneda]

Would appreciate any advice or personal experiences from anyone on this topic!

With housing prices ridiculously high and rising interest rates, I have decided to live at home with my mom to save up money for a down payment on my first home. Any advice on high-yield ways of earning interest while still protecting my principal? Thank you in advance for any responses to this post.

[Charles Carillo]

@Eric Castaneda

You could simply put the funds into a high-yield savings account and/or purchase US treasuries. Your bank might also offer competitively priced CDs.