Interest-bearing short-term savings

Hi Terry,

I recently retired from the fire service. Between my pension and new job, I have approximately 200k sitting in a savings account earning next to nothing. This is in addition to a well-funded and balanced 457. I am looking at short-term savings/investment that yields at minimum 2.0% but am skeptical of online institutions I’ve never heard of. I do not want to invest in anything long-term as we may use this money on a future home purchase or major remodeling.

Again, I’m aware of money-market accounts, CD, and even bond options; however all of them have various drawbacks. Thoughts?

Thank you.