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Valdair ,
@Valdair@kbin.social avatar

CIT Bank has a 5.0% APY savings account as long as you put at least $5k in. No reason to do a CD or put money in stocks when your time horizon is so short and the rates on HYSAs are so favorable.

Metal0130 ,

The only small catch is that HYSA interest rates are variable and could potentially decline compared to a CD with a locked in rate over the same time frame. But for only a few grand invested, either option is a ‘good’ choice.

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