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REDDIT

300k sitting in checking account.... Need advice

A
Mar 2, 2025 · 15:56

Hi, I have 300K sitting in my checking account not earning anything.

This money is meant to be used to purchase a few rental properties this year.

Where can I safely park this money and make some decent interest on it while having the ability to dip into it when necessary?

I had 200k in a CD a few months ago and I was able to make three grand off of it in 3 months. I regret not keeping it in the CD, but I was concerned that I was going to purchase a property in February or March and I wasn't sure what the outcome would be if I pulled out of the CD early.

Any advice on where I can safely park my money would be appreciated.

I heard treasury bills is where my money should be? In all honesty, I've never purchased a treasury bill and I'm not sure where I would go.