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Hello all... first time posting. I've been reading several different boards and now am ready to ask you fellow newlyweds for your suggestions since I'm sure there's someone else out there that's in the same position.

Just had the wedding a few months ago. Received a large sum of money ($10,000) that's been sitting in our joint checking account, earning not even 1% of interest. We'd like to use this as our down payment on a house. We are researching right now... and will hopefully be ready to start looking to buy in the next 6 months. Moving back in with room mates to save some money on rent, as we start to chip away at our debt. I've got to move this money into something that will offer a higher interest rate, but I would like the funds to be available just in case I find the house of my dreams one weekend. I've read about BUYANDHOLD.COM (?) money market accounts with over 5% interest or e-checking accounts with 6.25%. So am I right if I'm calculating with $10,000.00 in an e-checking account, I'll make $625.00 every month? This seems so simple? What else do I need to consider? Any thoughts on this? I'm hesitant about e-checking... it just sounds too good to be true. Any feedback, input, or suggestions is very much appreciated... Thanks!

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