You can earn an extra 4-5% APR by putting this in a Money Market Fund (MMF) or a high yield savings account. This will compound monthly you an extra $50-60 from your initial 15k. I keep mines in a money market fund account. Hold 10k in cash and buy US Treasury bills between 1-3 months mature date to save on local taxes on the capital gains while earning a little more interest. This will also maintain the value of your dollars over time. Make this money work for you.
Thanks for the suggestion, and that does sound like a way to earn a few money dollars per month. But honestly I'm not looking to optimize my emergency fund so for now I'm just going to keep it as is. But who knows maybe in the future I'll try what you suggest.
You can earn an extra 4-5% APR by putting this in a Money Market Fund (MMF) or a high yield savings account. This will compound monthly you an extra $50-60 from your initial 15k. I keep mines in a money market fund account. Hold 10k in cash and buy US Treasury bills between 1-3 months mature date to save on local taxes on the capital gains while earning a little more interest. This will also maintain the value of your dollars over time. Make this money work for you.
Thanks for the suggestion, and that does sound like a way to earn a few money dollars per month. But honestly I'm not looking to optimize my emergency fund so for now I'm just going to keep it as is. But who knows maybe in the future I'll try what you suggest.