Buying A Home
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Just Starting This Process
Hi everyone! I'm new here and have really enjoyed reading through a lot of the posts already. Lots of good advice so I thought I'd throw out a question of my own.
We just got married and are tentatively planning on purchasing a home sometime in the next 2 + years (but not before then most likely). We have about 10k set aside in a "house" account (now that the wedding is over that's what it has become!) and are looking for ways to invest that money. Any suggestions? So far I've looked into CDs, Money Market Accounts and Savings Accounts at banks in our area but I'm sure there are other options. Thanks!
Re: Just Starting This Process
DH and I did the same thing. We actually keep the majority of our money in checking with a credit union and it pays us over 2.5% now (was 3.5%) up to 25k balance.
Check with your local credit union - the program we have is a rewards style where we need to 1) do a direct deposit 2) log on to online banking 3) get online statements 4) use a check card 12x - all of these per month to qualify.
I don't recommend investments other than short term cds. The general rule of thumb is "if you need teh money in the next 5 years, keep it liquid"