I got my car (2020 Ford Fusion Hybrid SE) new 3 years ago at $25k for a 6 year loan @ 0% interest for entirety of loan, $350 a month payment. I’m about halfway paid off and have about $12.5k left on it. What should I do? I just get sick of paying $350 a month.
https://www.treasurydirect.gov/savings-bonds/i-bonds/
Put 10k here. Make a free $1200 over those three years.
I bonds are way down since a year ago. You can get over 5% on CDs now
4% annual return is stable but current savings rates are higher
Where are savings rates higher than 4%?
High yield savings accounts are over 4% but their rates fluctuate. I put money in at Ally a few months ago when they were near 3%.
It’s a nice way to park some cash that is easy to get in an emergency.