HYSA

scorpiofiredragon76

I really enjoy using the brokerage app and I’m loving the credit card with 3% across all purchases. I always look forward to getting my cash back, which instantly gets dropped into my brokerage account HYSA (which also earns interest). Any thoughts from your end on where you see the stock price at down the road?

Separate_Salary_2197

HYSA!

Spectrum1523

If "never been a mistake" just means "didnt lose value" then put your money in a HYSA

serfingtheweb

What about just holding money in a HYSA

Finance-Idiot

Recommendations please for quality aggressive growth ETFs for our Roth accounts which will not be touched for at least 20 years. I’m behind on my investment journey for retirement. Due to financial ignorance and lack of access to a 401k most of my working life most of our savings had been on HYSA and CDs until recently. I’ve been educating myself for the last couple of years and have opened Roth IRA accounts for both me and my spouse and have maxed them out each year. During this time I finally had access to a 401k which also has a Roth option and have been trying to max that too. I have also opened a Fidelity brokerage account and have been DCAing the majority of our savings into VTI/VXUS leaving about 15% for the emergency fund (6 mo of expenses) and bonds (mostly treasury bills and intermediate bonds). The 401k has horrible options so I choose a TDF with a year that’s actually 10 years after I plan to retire so it can stay a little more aggressive in there for now. I’ve been doing FSKAX/FTIHX in the Roth IRAs but I just funded both accounts with the max for this year and now I’m thinking of putting that money in a higher risk/higher reward ETF since we don’t plan to touch these accounts until way into retirement. Right now the amount in the Roth accounts is about 5% of the whole portafolio so I think I can be a little more risky with it. Any recommendations? Or any critique on my reasoning? Thank you for your time.

zonk84

1-2 years? HYSA. CDs. Some other sort of cash vehicle. Firm believer that no dollar should be invested if it's a dollar I need/want to spend in the next 5 years.

mrobertj42

If you’re an accredited investor, there are private market investments you can do, some very short term. One I had access to was 9 months, 14% return. Funds are used for escrow only and most of your interest is also in escrow. This scenario to lose money the contractor and electric company have to go bankrupt, and someone needs to commit fraud to expose the escrow account. I’m simplifying, but if you understand the risk, it’s really good. I’d agree with the others saying don’t go into the stock market, 1-2 years is way too short term. Otherwise, treasuries typically give you a better rate the HYSA and no lock in like a CD.

Recursive-Introspect

Hey that made the MOD comment go away. The answer is HYSA or CD. Just curious what might get thrown out that I hadn't considered. My CU is doing a special at 4.30% APY for 7month CD, probably can't beat that.

Varlin

0.39% in a year. 🤨Just go with a HYSA at that point.

therealjerseytom

> I am so fucking tired of my House downpayment sitting in an HYSA losing money I have good news for you - your house down payment isn't losing money in your HYSA.

desperato61

Honestly, if you’re having to ask, you should probably keep it in your HYSA if you actually have plans for that money. Stocks have been flying, many are at all time highs and priced for perfection, choose the wrong ones and that won’t be a house down payment anymore. If you said I have 20k burning a whole in my pocket with nothing planned for the money, then gamble away, but it sounds like you have plans for that money

Subieast

Leave it in the HYSA and keep crying. You’ll be happier later on when you realize you didn’t lose 10-20k.

Jelopuddinpop

You shouldn't be investing money that you're going to need in the next few years. The house down payment should stay in a HYSA. This has nothing to do with the political climate, and everything to do with common sense financial literacy. When you invest your money, you need to be comfortable leaving it there for 10+ years. The market will go up and down in that time, and you don't want to take your money out after it's fallen. Here's a concrete example... you invest your 20k into VOO, and then the market decides to take a nosedive. VOO drops 5% / year for the next 5 years. If you need that money for your down-payment, then you're going to sell and take a loss. On the other hand if you just leave it alone, the market will always rebound. A 5 year bear market will be followed by a bull market where you recover your investment, plus some. In a long enough time frame, it's ALWAYS a bull market. You don't want to be that guy that's forced to sell during a bear market.

Ok_Package9219

So I don't really get the USD Bleeding? I have 100K in an HYSA and it's still in an HYSA. If I had silver I would need to sell it first.

Ok_Package9219

# I don't really know what to do with some of my money due to the current political climate where Should I put it? The personal finance sub seems like it plays to safe and always runs on a script. I am so fucking tired of my House downpayment sitting in an HYSA losing money. I don't know when I am getting a house any more so looking for some adivce? Do I put some in silver? Stocks? ETFS? I have about 80K Upvote1Downvote0Go to commentsShare

rvanasty

Whats going on is exactly what is expected. As the dollar drops, you need the highest return on your dollar possible to beat inflation. High yeild savings is arouns ~4% APY at the moment. Thats weak when inflation is closer to 3% and the dollar has dropped 10%+. Your 4% APY acct is LOSING real value. What historically provides higher returns? What number do you use for S&P projected returns? Maybe - double the current HYSA rate? 7-8%? Thats where money goes. Its a RISK to invest, but its a SURE LOSS OF VALUE not doing so. Some people pick the S&P / markets, some people pick physical assets (gold, silver, etc.). The attraction there is what makes something like BTC a thing. Inflation exists with the dollar because we can print more any time. Safety exists in time of fear with physicall assets because they are finite (limited in quantity) and thus harder to "inflate away" in the same sense as fiat currencies.

gm92845

Raise rates I want my HYSA to print money again 😠

LegitimatePurchase37

Just Glad I could get some green out of it lol. Taking some profit to the HYSA while Waiting for it to pull back a bit and I’ll jump back in before the next big jump

Consistent-Duck8062

Berkshire is the shittiest HYSA account of all time.

Emergency_Tap6904

As a fellow Turkish friend, I want to share my personal experience from this year when I bought a house. I purchased a home with a 3% down payment, which is very low. People usually recommend putting at least 20% down to avoid PMI, but my mortgage rate was 6.75% at the time. Now I’m about to refinance and lower the rate to 5.75%. I would still suggest buying a house and not being afraid of the housing market—rates are dropping. Of course, this only makes sense if the housing market is affordable in the state where you live. California and Massachusetts were far too expensive for me, so I had to move out of those states. Because of that, I chose to put the minimum down payment and invest the rest of my money in ETFs like FXAIX, FSPSX, FSELX, and REMX. They performed really well last year. I didn’t want to lock all my money into housing, but this really depends on the person. Some people feel more comfortable with lower housing payments and don’t care much about investing because it doesn’t feel safe to them. And if your parents does not spend their rent and pension from Turkiye, then make them put the money in Faiz Korumali Hesap. It still performs relatively when even when you consider USD/TL movements. It is relatively safe and will pay so much better than HYSA accounts here. My suggestion is to divide the money, and find a healthy spot with mortgage payments you are comfortable with and invest the rest of the money. Kolay gelsin

Dizzy_Maybe8225

Yes sir, 2025 I have maxed on IRA, 401k and HSA. 2026 yet to start and I might move some of those 15k to IRA. Thanks for suggesting HYSA. I am going to think about it , looks like a good one for extra cash.

DaemonTargaryen2024

$15k in checking seems like a waste to me, I would put more of that in your HYSA. Assuming you've got a solid emergency fund already: max 401k, max HSA (if eligible), max Roth IRA, then dump the rest into a brokerage account.

Gene_McSween

Help Pick a new brokerage for 403b. I have a 403b at work with a limited number of choices for investment companies. Unfortunately, I'm not familiar with any of them and was hoping the community might help me narrow down my choices. I have several investments (Brokerage, IRA, Roth, 403b, HYSA) with Schwab, Fidelity, FNBO, and American Century. American Century currently holds my 403b (about 15% of total). I am very unhappy with the funds available and performance, in short, I need to move. I have been very happy with Schwab (preferred) and Fidelity over the past 25 years, but they are not available through my workplace. My preferred investments are index ETFs (VOO, SWPPX, SWISX, SWLGX, etc.) as well as some GLD and about 5% cash. I'm not really interested in actively managed MFs as they tend to have higher fees. I don't really need to put any money in this fund into cash or gold as I can re-allocate at Fidelity or Schwab to balance my portfolio when needed. Below is a list of investment companies available to me. * American Century Services LLC * Ameriprise Financial / RiverSource * Aspire Financial Services * Confidential Planning – MultiChoice * Corebridge Financial (formerly AIG/VALIC) * Equitable (formerly AXA) * Fiduciary Trust Co. of New Hampshire (Formerly Waddell & Reed) * GWN / Employee Deposit Acct * Invesco OppenheimerFunds * Lincoln Investment Planning * Lincoln National * MetLife * Mutual Inc / PlanMember Services * NY Life Ins. & Annuity Corp. * Oldham Resource Group, Inc. * Orion Portfolio Solutions, LLC (Formerly FTJ FundChoice) * PenServ SmartSAV (formerly Foresters) * PlanMember Services Corp. * Security Benefit * The Legend Group * Thrivent Financial for Lutherans * Voya Financial (Natl NY) Please help me to narrow this list down for further research. I'm also open to other ideas that people might have, if there are any. When I started investing at 21, I knew very little and kind of just random picked. In the last 15 years of so, I've become much smarter about where to invest but I am an IT guy, not a financial guy. If this were IT, I'd say that I know just enough to be dangerous. All "advice" is welcome, but please do not flame me for being stupid in the past. No AI responses PLEASE. Thank you to everyone else who's willing to help!

Thor7897

Perhaps throw a chunk of change into some dividend stocks or a HYSA with consistent payouts to offset the reduced income? If you like the work just not the where, I’d consider the 155k remote gig on autopilot. If not, take a break, find a passion project and get healthy. YOLO unless you believe in reincarnation. If not JPM is a helluva karmic load, maybe help some puppies and kittens. Stress is a weight and health killer like you wouldn’t believe. Prior DoD/Federal Contractor here (Tech/Cyber/Research Analyst). Other than that congrats and fuck you! I

-lexiconvict-

Sell like $5M. Take the tax hit, spread the leftovers in some low-risk, interest-bearing accounts - HYSA, CDs/Annuities/Money Markets. This gives you an easy, secure $100k/yr in interest to live off of. Keep the rest invested as your retirement. Maybe diversify your risk a bit. Take the $150k job. Now you have less stress and with the new job plus the interest, you're still grossing $250k /yr.

AllCapNoBrake

I mean, at this point, it's back to metals being the safe haven asset/protector of purchasing power. Even a HYSA has outperformed (barely) BTC for somebody who bought BTC at the top in 2021, without the taxes and the volatility. Until BTC begins to make a move towards a new ATH against Gold, for me, I'm cash gang (I've been holding gold/silver for EVER) now.

rottenfence

Looking back I should’ve just gone all in on a HYSA

labowner85

Home down payment is only 20% of the loan so unless you’re thinking of buying a $2M home, you won’t need all the money you have in your CD. If you are planning to buy a home that expensive then I would suggest no. Buy something that you’re comfortable in and such homes can be bought in between 500k to 750k these days. If you don’t get approved for the home loan then I would suggest to wait to get a loan which would be possible in a few years once your investable assets are higher than the value of your home. Next question is the interest rate on your student loans. If the rate is higher than your CDs and HYSA’s then either pay down the loan or invest the money in the CD& HYSA to broad markets ( VXUS is a good choice/ can also try Emerging Markets with US getting volatile right now). My advice brother, delay buying a home for maybe 2 more years as rates are high and valuations are higher. Markets will cool down soon (2ish years) and you’ll have more opportunities.

bank_truth_cs

5-7 years is a middle-of-the-road timeline. Growth helps, but timing risk is real. The main issue is concentration. Individual stocks can swing hard, and that’s rough when the money has a deadline. Shifting part of it into broad funds like VTI or VOO, then keeping around 40-50% in a HYSA, gives you growth without putting the whole down payment at risk. Markets can easily be down when you’re ready to buy, and with a house, that timing matters. HYSAs help offset that, and rates change often, which is why we track and compare them on our website. Don’t put everything in one place when the goal and timeline are clear.

omodhia

If you don’t mind me asking, what are the going interest rates on a HYSA these days?

Suck_Boy_Tony

Open a HYSA. Think about opening an IRA and do your best to max it out every year. Invest with growth in mind. Keep investing in VOO but maybe pick something more aggressive, too. Something like SCHG. I'd recommend sticking with ETFs and Index funds until you have a better understanding of investing. Think about diversifying with a blend of large, mid, or small cap, foreign and emerging markets, as well as precious metals. But probably the most important thing is to look for a higher paying job. The more expendable income you have, the more you can invest. Best of luck!

medunjanin

Yea I still have 55k in a HYSA. Feeling like a chump since I want to put a big down payment on a home. But the closer I get the farther away it gets as prices continue to rise where I live.

Maleficent_Spare3094

Stay away from anything that has an asset fee attached because it’s just going to be your same portfolio but you have a yes man to do it for you. Which is pretty much useless if you have common sense and self control. I’d keep your cash fund in HYSA that’s fdic. Other than that brokerage really doesn’t matter it’s. What do you think is most stable and what gives you easy access.

Even_Section5620

HYSA ass hat

Icy_Target_6512

im 28 and have 100% of my 401k in the s&p 500 fund the offer. Highly recommend. 12% over 8 years is worse than a HYSA

sum1datausedtokno

Seems scammy. If its so profitable, he wouldnt need 15k. Thats chump change for a business. You dont really own any of the company. Best you get is 30k and you dont know how long, worst is you dont see a penny. Considering possible legal fees and headache, your money is better in SP500 or hell mb even in a HYSA.

AllenSmithee59

I did the same, buying $20,000 worth of IBRX at $3.16 after reading about the Saudi FDA approval and buying another $24,000 in the following few days. I've earned $24,992 on that stock alone. At opening today, I'll buy another $15,000 if it drops in after hours trading to less than $6.50 or so. I started swing trading in January 2025. Since then, I've made \~$93,000 ($33,000 this year alone). Along the way, I've sold dozens of stocks at a loss, but I've kept my losses small by following three rules: 1. I sell if a stock falls in value by 7% or more. 2. I take profits when a stock returns 20% or better. 3. Whenever possible, I take profits by selling off stocks that aren't performing as well as the stocks returning 20% or better, on the principle of "Water your flowers and prune your weeds." It's worked for me--so far. But keep in mind that I'm retired, 66 years old, and limit my swing-trade sandbox to about $50,000 - $70,000. The rest of my $1.2 million in investments is in target-date mutual funds and cash, with the cash earning 3.9% in a HYSA. For me, the day-trading is an enjoyable hobby, but it's also paid for a $43,000 kitchen remodel and an upcoming bathroom remodel that will be about the same amount. But truth be told, if I had invested last year the same amount of money into an S&P 500 ETF, I would have made about $4,000 more without having to think about my investments even once.

smooth-vegetable-936

I invest regularly. Sometimes I gain 15k plus in my portfolio just bcs the market is up 2 percent and somedays I’m probably down. I don’t look at it at all accept when I do my taxes. I do know my risk tolerance and always have 4 Years of expenses in Treasuries, cash HYSA and I don’t care if it’s too much. A lot of ppl don’t really know their risk tolerance especially the new investors .

Sir_Richard_Dangler

HYSA gains are for responsible people, we're degenerates here

Club-Loud

Once every last bit of liquidity is absorbed.. bears just a faint memory of the past - like your high school girlfriend. When you finally go all in with the last dregs of your HYSA - is when we have a lost decade.

EfficientRecording62

Of course I missed out on buying the dip because my ACH transfer from my HYSA to Merrill took too long. Guess I gotta set up margin trading.

EdenMira

damn that’s some serious trading income congrats! i’d park a chunk in something boring first voo/vti and build from there. max your ira, toss 6, 12 months into a HYSA for safety i check BankTruth to chase the best rates every few months.

PointOfTheJoke

Don't their bonds pay less than an american HYSA? I don't think they're the worst (3.4ish On the 10?) Idk how I'd feel if my investments are going to a worse investment for geopolitical reasons, even if I hate a particular president I'm gonna be invested in the market for 30-50 years...

No-Improvement3164

First time my HYSA is out preforming for 3 months SPY. I’m usually bragging to the SCHD chat about this.

Frack_Off

My strategy for 2026 is to not change my investment strategy. Save 25% of my gross salary via automated weekly transfers including HYSA and money market deposits for growing my emergency and sinking funds, then mutual fund purchases targeting a 60/40 split of VTSAX and VTIAX (or their nearest equivalents) for retirement savings - maxing my HSA, and Roth IRA while capturing all potential employer contributions to my 401k and ESOP.

j4c11

I got a bit of cash in a HYSA , what do

AmbitiousEconomics

Did you internalize the gains on your cash when the dollar was strengthening vs foreign currencies? You're seeing a 10% loss over the last year but that was in good part because the dollar really ran up at that time. Go back four months before that and the loss is now 1.5%. Go back 3 years and you have an annualized loss of less than 1% which is well made up for by the interest in a HYSA. Go back 5 years and you have a total gain of 8% and an annual appreciateion of over 1%. It's reasonable to hedge forex risk, at least at my job, but you need to have concrete goals and triggers to not make it just a reaction. It seems like you are quite literally buying high and selling low on the dollar. I'd suggest writing out a set of goals and triggers for your allocations rather than panicking. What is different now than five years ago where you didnt consider it then but are considering it now?

fleetmack

smart, it's shocking how many people ignore taxes. EVERY time I sell for a profit I move the tax portion of my profits to my HYSA. If I sell something later for a loss to offset, I'll move the applicable amount back into brokerage.

WhiteGirth

What's the point in having a HYSA @ 3.3% APY when inflation is 2.7%? .6% isnt going to do shit

StatisticalMan

There is nothing to explain. The real (inflation adjusted) return on cash invesments (i.e. HYSA, MMF, SGOV, t-bills, etc) IS roughly 0%.

JG98

Best short term investment option for up to a period of 12 months that protects the principle. It is money that I will need at that time. I should have made that more clear in my comment. I am looking for anything beside chasing HYSA rates that can get me a good safe return, even if just small growth overall, that I can easily access come Jan 2027.

JG98

What are the best options to park some money for the next 11.5ish months? I have funds that I don't want to put into equities because I will need it next Jan. It is in a HYSA currently.

Business-Ad-5344

if you want to start out simply, you can just research VOO, VT, and VTI. pick one and buy that one in your account. then look at your positions, and it will tell you how many shares you own. then that's it for now. you can then research bonds and stuff later and see if you want to add that to your portfolio. hold forever and don't sell if it goes down. other than that, get a HYSA (high yield savings account) and attempt to save up several months worth of rent, for emergencies. pay down your credit card. if you withdraw from retirement accounts, it gets taxed and there is a penalty you are charged. remember those things. don't withdraw unless you absolutely have to.

querymonkey

invest. HYSA are paying ~3.5% right now. "peace of mind" of owning your house outright is overrated. property taxes, utilities, insurance, etc. all of these things are bills that you can't get rid of. there will always be bills.

Any-Vehicle4418

It's not free because you can get a higher "risk free" return on your money through even a HYSA.

Redcrux

You have less volatility because 20% of your money is doing nothing but dragging your portfolio for the past 20 years. You'd have the same effect (but better returns) if you put 20% in a HYSA. Even in the worst case of investing the 20% in VTI, that 20% would have gained enough in the past 5 years that you would still have a higher portfolio value after a crash than BND. There's no scenario where bonds magically save your retirement from a crash where another asset couldn't have done better. It's smarter to diversify into other areas or assets that are less affected by the current economic and political headwinds. Or at least ones that are not highly correlated with the market while still gaining each year.

charleswj

None of those are valid reasons. If you're saying "because now you can't access it anymore", that's incorrect. Just like a savings account, you can always remove your contributions. If you're saying "because you can earn interest in a savings account", that's incorrect. Just like a savings account, you earn interest (if you invest in safe options such as SGOV). If you're saying "if you invest it, you may lose money when you need it", that's incorrect. Just like a savings account, you can't lose money (if you invest in safe options such as SGOV). All other things being equal, a Roth IRA will actually earn more money than an HYSA because ant interest you earn is exempt from taxes if you don't withdraw it. And the only way you'll withdraw it is if you withdraw all your previous contributions first. The *only potential* downside to putting EF/savings in a Roth IRA is the small penalty you may pay if you do withdraw all contributions and then growth. You'll pay a 10% penalty on the growth portion. If you contribute $7.5k, invest in SGOV, it grows for a year at 3.5%, and you withdraw all of it. You have $262.50 in growth, which is taxed at your marginal rate (remember, this would happen no matter what in an HYSA, so it's a wash), plus a 10% penalty of $26.25. So $26.50 is the worst case, and that only if you have an emergency and have to withdraw everything. If you don't touch it (which is usually what will happen), you'll save the marginal tax ($31.50 @ 12%, $57.75 @ 22%) that you'd have lost in an HYSA. >debt Not sure what this means. You have debt you're paying off? Well then you don't have *that* cash to contribute, uh, because you paid it already. You do still have it? Why? You're accruing interest. Go pay it off, dummy!

PaintIntelligent7793

Yeah. You could make more in a HYSA or CD, without the chance (however slim) of Christ’s return.

music_is_gud

Put that 3k in a HYSA. It's a win no matter what happens

SilentInconnu

You could throw that into a HYSA at 4% and take home $160k a year in guaranteed interest for the rest of your life. Why would you still be holding, jackass. 

SlimPolitician

Sooo,,,does it still make more sense to get a slightly higher APY in a HYSA? I live in Maryland, will I actually see a savings on taxes from SGOV?

FiniteOtter

You're missing the point lol. I've only got about half his share count but I've been in on it just as long, you're recommending packing it in and quitting before the game has even started. It's gone from a company with theoretical technology, uncertain regulatory situation, some non-binding agreements and just enough cash to keep the lights on for a few more quarters to a company with proven tech, definitive business agreements (with pre-payments), government approval (and contracts) and enough cash to build out the whole constellation. It'd be fucking stupid to cash out and invest in a HYSA at this point in the story and every single person that's really done their homework on this one knows it.

Sharp_Willingness230

we're talking about retirement level savings as it sits.... even a HYSA would yield enough money per month for plenty of folks to retire off of with a $4 million savings...

TheBestDanEver

Lmao, the guy would be in the 92nd percentile with nothing but a HYSA. his actual returns would actually likely be at least double that considering 8% is considered pretty modest. You are either trolling or don't understand how investing actually works lol.

TheBestDanEver

What? Even if he was 18 fresh out of high school he could retire with even a tiny bit of common sense. Even at 4% a year (less than some HYSA's) he would be growing at 172k a year. If you cant survive on 4 million dollars, you are kind of an idiot.

a_girl_has_no_nameee

I don't want to just put it in a piggy bank, I was hoping for a recommendation like a HYSA or something that will collect interest. I just don't know the best options. Not trying to over complicate it, quite the opposite actually.

zbewbies

Interest from something like a HYSA? How does it work with Dividends?

Unheroic_

Oh nah, those dividends are getting put back into the portfolio and not cashed out (and I know that's treated as taxable income). There's no such thing as free money but still better than just letting it be in a 3.35% HYSA (although I do keep a sizable chunk in there for emergencies). Ah yeah, I think I have a fidelity equivalent I bought in like 2020? I've been focusing on sector and dividend focused ETFs tbh. Yeah, I'm 25. Can confirm that I specifically eyed gaming stocks bc a) they're like $20, cashback territory and b) I do periodically skim gameindustry dot biz

egirl226

Yep—that’s what I meant by CASH.TO above. It’s basically the Canadian equivalent of a HYSA/CD ladder for a short time horizon. I’m just sanity-checking whether there’s any meaningfully better risk-free alternative for ~7 months.

CornerOne238

If you need this cash in 6 months, forget stock market. Just leave it in HYSA to index inflation.

pleasestoptalkin

SPY is up 17% in a year and people still keep their money in HYSA with 5% annual returns

Longjumping-Bid-9523

I would not invest monies needed for your car by this coming August. That is way too short of a time horizon for equity investments. A single market correction at the wrong time could quickly trim your 20K to 18K. And that loss may not be recoverable by the time you buy your car. Instead, invest car monies in very short-term CDs, treasuries, or put the monies in a HYSA.

Independent-Drive-32

Here’s what you should do: 1) Sign up for Gold and put those funds into an IRA and get the match. *Make sure you then invest the funds in an index fund like VOO.* 2) In the Gold brokerage account, take advantage of the free $1000 margin. Use the HYSA funds you have plus the margin to buy SGOV. (So if you have $750 in savings, then buy $1750.) This will lead to comparable growth as an HYSA. 3) Apply for a Gold credit card. If they give it to you, this will be 3% cash back on all purchases, which is a better deal than you’ll find anywhere else. Put all your purchases on this card and *pay the credit bill in full every month without fail.* Note that re: 3 they may not give you the credit card. And that re: 2 there will be a margin maintenance requirement; while the $1k margin is free, if you don’t have any other funds in the account they can still prevent you from this strategy, meaning just holding the money in cash in the account is fine. Ask the Robinhood support how this would work in your specific scenario.

egirl226

CASH.TO is essentially a money-market–style ETF in Canada. It holds high-interest deposit accounts at major Canadian banks, pays monthly interest, and keeps the unit price around $50. It’s commonly used to park cash short-term (like a HYSA), especially inside a TFSA, since returns come from distributions rather than price growth. Risk is low (bank deposits, not equities), liquidity is high, and yield generally tracks BoC rates.

taplar

If you have the money earmarked for a purchase, it can be put in a money market fund, bonds (not a bond fund), HYSA, or other investing options that pay out based on interest. Equities are unnecessarily risky for this kind of funds. 

Tasty_Panda_8264

It makes no sense to pay a subscription for a HYSA since you can get one for free anywhere else. Or just buy SGOV or a MMF inside of a brokerage. The 3% IRA match is just a way to keep you locked in RH since every dollar you contribute has a 5 year vesting period for the match IIRC.

jvick3

It’s fine as an HYSA if you’re paying for the gold subscription, which on your $3750 Roth contribution pays $112 (5 year holding period to keep it I think). There are higher paying HYSA’s such as Bread savings at 4% but at these amounts it doesn’t really matter. My advice though: at your age and income, probably don’t invest. You can’t afford to lose enough and that can put you in a situation where worse things happen than missing the market, like needing a payday loan or credit card debt. Build your savings and if you can get interest on that, great. Once you got let’s say 10k in savings, then maybe I’d think about investing. Just my $0.02 ☺️ best of luck

yourwebg

I use SGOV, but also keep some cash in a HYSA for this reason.

yourwebg

I was going to mention that, but you made it sound like you needed it to be more liquid. Another benefit of SGOV is that you only pay federal income tax on the dividends, unlike HYSA where you also pay state and local tax.

cdude

They do, you just haven't heard because you're brand new to all this. It also takes some planning to withdraw money and most people are willfully ignorant just for the sake of convenience. Lots of people don't even know about HYSA and just accept their bank's regular savings account.

IdioticPrototype

I'd say it's fine if you want to use it as a HYSA, then. I'D maybe put loose cash in SGOV instead, but I stay almost 100% invested. 

cdude

you understand that there's no capital gains on SGOV since the price is locked at $100 and all the yields are paid out as dividends. Even then, interests from HYSA are taxed the same, even worse than SGOV if you have state taxes.

DogBoi111407

I plan on doing both, 50% of my paycheck to my HYSA, expenses like gas and the rest to my Roth IRA

FFL_Insights

It really depends on your goal and risk tolerance. Robinhood Gold gives you margin, research tools, and extended trading hours — it’s designed for active investing, not for a low-risk savings approach. A HYSA, on the other hand, is almost risk-free and focuses purely on earning interest on cash. If your priority is keeping money safe and earning steady interest, a HYSA is better. If you want to actively invest, learn, and potentially grow your portfolio faster (with risk), then Gold has value. Determine your main priority: security or growth, and decide accordingly.

SeveralScorgasms

Robinhood gold is fine, but you are paying a membership fee which in theory eats away at any interest you’d earn. This is especially prevalent when you have small account balances. Instead you’d benefit from opening a brokerage account to utilize a cash investment vehicle or just open an HYSA with a different provider. Wealthfront has HYSA, general investment and IRA option if you want an all in one solution. Best part is it’s free.

yourwebg

Why not get the ETF SGOV? It pays 3.7% APY monthly as dividends. Not quite as liquid as HYSA, but might be something you would be interested in.

DogBoi111407

Yes the point is I’m already going to pay it for the 3% Roth rate regardless but want to know if it’s a good HYSA or if I should stay away from it or if I was overlooking something

taplar

All brokerages offer access to money market funds, that can take the place of a HYSA. Typically these funds end with "XX", such as SWPXX, VUSXX, SPRXX, etc.

taplar

SPAXX should be fine for a money market fund option. I'd personally use one of those over a HYSA. You should get a comparable, or better, rate. If you are a high net earner, you should look to take advantage of as much pre-tax investing that you can get. Especially if you expect to be in a lower income bracket in retirement.

rav400

I think that is the way to go. come back smarter and more mature than you were. They say its paying your tuition for a reason. prioritize some money in an HYSA or something and never touch it, at least for the stock market make everything around you in your life right to be happy. take care of yourself.

stockfun77

i've got crypto for that. I am trying to consistently get a few basis points so I can shatter an HYSA return without going bald.

FlounderKind8267

I'm thinking of just going the easy route and doing ETFs for the first 2 years and transitioning at beneficial times to shorter term stuff like T bills. I'm not looking for some crazy high return. Just outpacing inflation and trying to do better than HYSA

TheBioethicist87

If you’re going to need the money in under 5 years, I’d say HYSA or treasuries. Tossing it in a money market account would be a good fit, but I wouldn’t put it in the market for this timeframe.

wgiarrusso22

I currently also have money in a HYSA as my emergency fund

Randomshiii4

Noobie question as well, Investing in my Roth IRA I'm doing 80% fzrox and 20% fzilx through fidelity. However my question is I have a brokerage through Robinhood that I had before my Roth and had some money in it would it be a good option to put some in VTI? The expense ratio is 0.03% so it'll get taxed in the brokerage and was just wondering if it'll be a good investment or just stick doing my Roth for now? Put some aside in a HYSA account as well for emergencies but just getting into them at 24m so still learning?

chrisstring

There is a caveat that your emergency fund should not be in the market, so stick it in an HYSA that’s yielding 3-5%. If the market tanks, you don’t want your emergency fund to evaporate too! Any extra after maxing your 401k then IRAs can go into your taxable brokerage, but buying and selling in that account can incur taxes.  Check out r/personalfinance as well they have a great wiki there with how to flow your money efficiently

NotHolyMello

No point paying off 2.75% when money market accounts/HYSA are paying 3.4%+

NotHolyMello

No point in paying off 2.75% when the money market accounts or even a HYSA are earning 3.4%+

D74248

Save it and subsequent money in a HYSA. When you have enough then go to school to get an education so that you don't have to spend your life juggling so many income sources.

GaylrdFocker

Then you should keep the money in HYSA so you can pay for your college with it.