We just sold a house and have about $100K in proceeds. The money may need to be available over the next 2-5 years to cover college tuition. We'd like to park it somewhere with these goals:
Preserve capital - it's more important to not lose more than 1-2% of the capital than to have it grow by 3-4%
Need liquidity within 2 years - may need to start tapping some of the money in 24 months
FDIC insured or otherwise extremely unlikely to "go missing"
Some growth, if possible - something that beats the meager <1% of my checking account would be nice
Non-taxable, if possible - my wife and I are in a relatively high tax bracket, so avoiding taxable growth would be preferred
In summary, I'd like to know if an investment vehicle exists that would preserve capital, earn 1-2%, be liquid, and non-taxable. Is this a unicorn or is there actually something like this out there?