Almost enough to pay for Grad School
March 13, 2009 1:06 PM Subscribe
I have saved up about $25,000 for school, which starts in September. I have it in a WaMu online savings account which had very high interest, but now the interest rates have plummeted so that I am barely making anything anymore. It went from getting $50 a month on $10,000 to making $17 this month on 25k. :(
Where should I put my money where it will be safe, easily accessible in a fairly short term, and yet with as high of an interest return as possible. I also need to be able to continue to input money into the account every month when I get my paycheck.
PS: I am planning to take loans if they are interest free and hold off paying them until I can't defer any longer. But when I quit my job, I will need to start withdrawing money for daily living expenses.
posted by brenton to Work & Money (21 answers total) 12 users marked this as a favorite