Edit: update I decided on a CD. I may do an index fund in the future. This was a short commitment and easy to understand. Thanks everybody.
Edit: update I decided on a CD. I may do an index fund in the future. This was a short commitment and easy to understand. Thanks everybody.
Vanguard recently started offering a savings account that currently has a 4.15% APY (their ‘cash plus’ account).
If OP wants to park the money in a savings account for easier access than a mutual fund, that’s both a more reliable institution and a better rate.