Saving for a Down Payment Over Several Years? Here's Where to Put Those Funds

Maurie Backman, The Motley Fool
·4-min read
Saving for a Down Payment Over Several Years? Here's Where to Put Those Funds

The upside of putting your down payment funds in a traditional savings account is you get both protection and flexibility. Of course, even a high-yield savings account may not pay a huge amount of interest, especially these days. CDs tend to offer higher interest rates than regular savings accounts.