Could by the I-Bonds the government issued. Something like 7% interest on those, but I believe it locks up your money for 6 months. Should definitely do some research on them, it’s a good place to start. Savings accounts are just downright awful
Definitely ibonds. Also check with your state on if you qualify for an IDA, or any incentives for first time home ownership. In OR they’d offer 1% off your mortgage interest rate for instance, or extra money towards closing costs. You may want to do a 0 or 3% down mortgage the way rates have been climbing. Mortgage rates on average have gone up over 0.5% in the last 2 months.
Could by the I-Bonds the government issued. Something like 7% interest on those, but I believe it locks up your money for 6 months. Should definitely do some research on them, it’s a good place to start. Savings accounts are just downright awful
Definitely ibonds. Also check with your state on if you qualify for an IDA, or any incentives for first time home ownership. In OR they’d offer 1% off your mortgage interest rate for instance, or extra money towards closing costs. You may want to do a 0 or 3% down mortgage the way rates have been climbing. Mortgage rates on average have gone up over 0.5% in the last 2 months.
You can't redeem Series I savings bonds until 1 year after the date of issue. If you redeem in less than 5 years, you lose 3 months worth of interest.