If you need your money soon, you'll probably want to keep it close
That's because you aren't exposing your cash to risk when you don't have the timeline to wait out any market dips, but it's still growing.
Banks like Ally and Capital One are perfect for high-yield savings. Newer accounts like Marcus from Goldman Sachs are also worth a look. Whatever you do,for 0.01% or put your money under the mattress. In the long-term, a high-yield savings account is typically best to save up a down payment. If you put your cash in the stock market and it goes on a losing streak, you could lose part of your down payment and have to wait for the market to recover to buy a home. Recoveries can be slow, so you shouldn't risk any money you are sure to need in the near future there.it's not worth the risk to invest money you'd need in the shorter term."Steer away from holding your money in something that would not be available when you may need it," she said.
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