We recently sold our home in the Austin area and made a tidy sum in equity that it currently sitting in our bank account earning nothing.
We likely will not be buying another home for at least a year or two, at which point we will need the money for a down payment. Until then, we would like to invest it somewhere that earns some interest.
I would like to put some of it in an interest earning account that is accessible in case of emergency. The rest can go into longer term investment account until we are ready to buy another home.
Any suggestions on best places to park the money?
We likely will not be buying another home for at least a year or two, at which point we will need the money for a down payment. Until then, we would like to invest it somewhere that earns some interest.
I would like to put some of it in an interest earning account that is accessible in case of emergency. The rest can go into longer term investment account until we are ready to buy another home.
Any suggestions on best places to park the money?