Dave Says: Find a Good Money Market Account [Video]

Dear Dave,

My wife and I are completely debt-free, and we’re saving up for our first house. We currently have about $140,000 in savings, and we’d like to buy a home with cash when the time is right. Where should we put our money, so it will work for us while we save more?

Andy

Dear Andy,

If I were in your shoes, and maybe looking at a window of three or four years, I’d just park the cash in a good money market account. You won’t make a lot off it, but your money will be safe. I mean, all you’re looking for is a smart place to stash it for a little while.