Quote:
Originally Posted by Wayne at Pelican Parts
Joint account in a CD. Keep it in short term CDs and renew 3-4 times, as rates are pretty poor right now. Check BankRate.com for the best rates. Make sure it's a joint account, so that you get $200K of FDIC insurance. You never know when a bank is going to fail these days...
-Wayne
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+1 What wayne said - safe - you can renew - govt insured. IF you plan on using it as a down payment for a house.
On a different note - with 120k - I would look at some longer term investment vehicles - with the intention that I would use
part of it for a down payment.
Fidelity Investments has a decent online investment set up - do some money market investigations - balance portfolio - like others have said - 1/3 or so in foreign blue chip -