I just looked at our monthly account balances and we have way more in cash than I want to have. I'd like to invest it somewhat conservatively because there's a chance we'll want to use it in the next 6 months, year, whatever.
Any recommendations for conservative investments that will (likely) beat Capital One's 0.75%?
DH has a good portion of our emergency fund in this. Minimum investment is 3k. From a chart on their site, it says "Returns after taxes on distributions and sale of fund shares (based on the past year*) 2.81%"
*It's in a chart format that says 1year, 3year, etc.
I don't know if this is what I should do when I have money like that, but I usually throw it in PGX assuming I think it'll stay there for at least six months. It's a preferred stock ETF. I've got some of my long term money there and I noticed that it tends to stay pretty darn steady and pays a decent dividend each quarter.
All of our Vanguard funds have done well over the past 2 years, but the 2 most conservative funds we have are still slightly in the hole from the awful 2 years before that. If I were going with one mutual fund, I might stick with an S&P 500 fund. Who knows though...
I've heard of some people finding luck with high interest checking accounts at local small banks. I haven't seen anything around here, but you might have something nearby that's earning 2% or higher.