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Forum
-> Household Management
-> Finances
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amother
Taupe
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 Mon, May 28 2018, 5:56 pm
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We are saving for a house now, where do u keep the money you save? In your bank? Like just let it accumulate in your checking account? Please advise thanks
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hadas15
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Mon, May 28 2018, 5:59 pm
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Better to keep it in a savings account cuz you get a tiny percentage. Some ppl invest it in mutual funds or bank CDs
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doctorima
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Mon, May 28 2018, 8:49 pm
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If you're planning to buy a house in the near future, I wouldn't recommend taking a chance on the volatility of mutual funds, which offer much greater return, but also much greater risk. You should shop around for the best savings account (Dansdeals just had a post with a 1.85% offer). If you're not going to buy a house for several years, then a mix of index mutual funds makes the most sense.
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