1

This question already has an answer here:

I have some savings ($35,000 USD) that I'll be living off of for the next 6-12 months. Is it possible to profit from some of this money in the short term before I need to access it?

marked as duplicate by NL - Apologize to Monica united-states Nov 2 '17 at 22:20

This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.

0

Yes, and there are several ways, the safest is a high-yield savings account which will return about 1% yearly, so $35 per month. That's not extremely much, but better than nothing (you probably get almost zero interest on a regular checking account).

0

Is it possible to profit from some of this money in the short term before I need to access it?

Sure, it's possible. But if the stock market decides to "correct" (or even crashes), you'll be in a world of hurt.

Thus, since it's so important that you not lose this money, just stick it in an online bank earning 1.2%, and withdraw "enough" twice a month.

EDIT: by "withdraw", I mean to transfer to your checking account.

Not the answer you're looking for? Browse other questions tagged or ask your own question.