Money guys: Best, safe place for short term place to put money?

[motion]

I need to stick a considerable amount somewhere for 45-60 days. Any direction on where I can put it, get a decent return, and withdraw with no penalties?

[s_wilwerding]

About the highest money market rate I've found is Ing Direct, which offers 2% on a savings account. It's easy to open an account and easy to transfer money to and from your bank's checking account.

[RickM]

I agree with Steve. It's what I do.

[motion]

2%, yuck. Maybe I'll just call the media up, go to Las Vegas and put it all on red. Worked for that other guy.

[juanbenae]

i just ing'd recently as well. i could get 2.25 on a cd, and that was after looking around. i just figured the flexibility was worth .25%.

[Adam]

ING currently pay me 5.25% here in Aus.

[motion]

Guys, is this the ING savings account you're talking about?

http://home.ingdirect.com/products/savings_content.html

[Bob's Flat-Six]

Originally posted by motion
2%, yuck. Maybe I'll just call the media up, go to Las Vegas and put it all on red. Worked for that other guy.

Before I even got to this post, I was thinking all on Black.

Feelin Lucky

[GrindingGears]

Originally posted by motion
Any direction on where I can put it, get a decent return, and withdraw with no penalties?

I know a guy who travels to and from Columbia, very nice return, maaaaybe penalties if everything goes well.



Hehe, sorry to make jokes on a more serious toned thread, couldn't resist.

[350HP930]

Your matress.

[pwd72s]

Originally posted by motion
I need to stick a considerable amount somewhere for 45-60 days. Any direction on where I can put it, get a decent return, and withdraw with no penalties?

Yeah, me too...I want federally guaranteed, 9%, check writing for free. No penalties. I sure WANT that. I also WANT to be the holder of a winning powerball ticket...chasing after return? The risk increases with the promised (often only suggested) rate of return. Sorry, but that's just the way it works.

[techweenie]

'72/73 911 coupes.

[s_wilwerding]

Originally posted by motion
Guys, is this the ING savings account you're talking about?

http://home.ingdirect.com/products/savings_content.html

Yes

[juanbenae]

adam, is that 5.25 a CD account? if you are getting that what is prime rate currently there for say a home loan? must be higher than the all time lowest rates we are experiencing here in the states.