Go with an online savings account that offers a high yield and easy access to your money. EmigrantDirect, ING Direct and HSBC Direct are paying between 4.35% and 5.05%.
A one-year CD is fine if you won't need your money before the year is up. Inflation-adjusted I-bonds aren't suitable for short-term saving. You must hold them for at least one year, and you forfeit three months' worth of interest if you hold them for less than five years.
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| Row 0 - Cell 0 | How Much to Set Aside for Emergencies? |
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