Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

where to save 1000$ for a short period of time?

Im putting some money aside for a security deposit, but I wont be moving for about a year. Aside from a savings acct or risky investment where could I put this money?

5 Answers

Relevance
  • Anonymous
    7 years ago
    Favorite Answer

    You could buy a T-bill or money market mutual fund. Other than that, no risk, no gain.

  • Bill
    Lv 7
    7 years ago

    Best bet would be a saving account since you'll need it pretty quick. Look at the online banks like ING/Capitol One. They pay about 1% interest on savings accounts. That's not much but it's about 10x more than regular brick and mortar banks are paying.

    There's not a lot of options for savers today. Thank the Fed with all the low interest cash they're pumping into the economy. Banks don't need the money from savers when the Fed gives it to them for next to nothing.

  • 7 years ago

    biscuit tin in the closet, as long as your house is safe it should be fine as long as its anywhere out of sight were someone wont just stumble on to it.

  • 7 years ago

    Under your mattress.

  • How do you think about the answers? You can sign in to vote the answer.
  • Joe
    Lv 5
    7 years ago

    Up your arsh.

Still have questions? Get your answers by asking now.