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REDDIT

Is this a good place to park around 600k for a year or so? Any alternative

T
Dec 6, 2025 · 17:43

Hello there,

So I have some land back home that will be sold and getting profit for around 600k

I want to buy a better house here in NY. So while I’m searching for a good house here which will take a year or so most likely I want to park the money in a place that will grow just a bit, and relatively safe.

I believe most people will park money like that in a high yield savings account, but I can’t do that for religious reasons.

I found this however it’s called a profit sharing savings account.

https://www.myuif.com/deposit-accounts/personal-banking/

And these are their projected rates

Our Savings accounts:

Account Balance

Profit Rate

APY

Minimum Balance

$0-$499

0%

0%

$0

$500-$24,999

3.80%

3.87%

$500

$25,000-$99,999

4.00%

4.07%

$25,000

$100,000-$249,999

4.08%

4.16%

$100,000

$250,000+

4.33%

4.42%

$250,000

Is this a good place to park the money?

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