No. of Recommendations: 1

You have a pretty good handle on the current market conditions for "safe" vehicles. The return really isn't there to go long or to go corporate, we aren't being compensated for the time involved or the risk.

Many folks here have constructed CD ladders by shopping around. Others are woking various Treasury issues. The simplest to run seems to be to stay short with a Treasury direct account, something like a 26 week ladder. With 15k you could stagger every other week, the math isn't perfect put it would ladder you none the less. The advantage of Treasury issues is really the savings on local and state taxes. If you aren't in a state that has an income tax system CD's seem like the next best bet. With careful shopping and a willingness to open accounts and manage accounts all over one can also set up a reasonable CD ladder.

Ladders buy you some liquidity but not nearly the same as a MMF or a MMA. It really depends on how much liquidity you think you need. If you have an e-fund already set up beyond this 15k a ladder of some sort would be a good choice.

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