SparklyBoba
How much money do you park in overnight mutual funds
Trying to see if any of you here are financially prudent. Is anyone parking their money in liquid mutual funds like overnight funds rather than keeping money in savings accounts which just earn 3.5%
100% of my liquid money
50-100% of my liquid money
25-50%
10-25%
0%
WTF is an overnight fund
72 votesexpired
3mo ago
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JazzyLlama
Accenture3mo
Some banks provide 6- 7% on savings account. Liquid mutual funds are also an alternative option but I want to keep it simple, so opted for a high return savings account. Another option is check for sweep-in/sweep-out savings account for higher return.
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