Hi Mr. Cromulent,I like your handle so much I just had to reply.I'm currently saving money for (among other things) shorter-term goals such as buying a house or condo. I hope to make this purchase in the 1-3 year range.Right now, the $ I'm saving for this purpose is going into an ING acct that is earning me 3%. It's been suggested to me that I could also look into buying bonds or bond fundsIf you know you won't need the money for a year, a better alternative would probably be i-bonds. They currently pay 4.8% (rate is adjusted based on inflation every 6 months), the interest is state/local tax free, and you can defer the income tax on interest until redemption - see http://www.treasurydirect.gov/indiv/products/ibonds_glance.htmYou may redeem the bonds any time after 1 year, paying a 90 day penalty until 5 years.Isaac, AKA Mr. Crepulent
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