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Go with a bank CD or "high-yield" savings, but on CD don't lock in long term. Eventually, the Fed will be done bailing out the banks and interest rates will start to rise to deal with inflation.

People who tried this last time around lost out, because rates stayed down too long and the yield curve was too steep. What probably works better if taking the CD/Savings route is to get the best 5-year CD rate you can with a minimal penalty for cashing out early (usually 6 months interest), then cash out if rates do go up enough. I did do that with a couple of CDs last time around. This can all be done with cold calculations: how much higher and for how long would you need rates to be for staying short to work.
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