Where are you holding your emergency savings and where would you recommend I put savings for a home that I would like to buy in 2 to 3 years? We have everything in a savings account and with my efforts to get the best bang for my buck, I'm here asking you all for some advice! Thanks so much!

@ChristyOJZ, keep your emergency fund in a high yield savings account and for the home savings optimize it into Tbills or even the I bond. Rates are moving higher so keep a close eye on those rates to maximize interest.

@ChristyOJZ, I agree with Jay. Most say don't invest savings earmarked for a big purchase a few years away. Your emergency fund is good in a HYSA. The goal with a HYSA is to keep up with inflation so it's not meant to make any money. Laddering Treasury Bills (1 mo, 2 mo, 3mo) is something to think about for the house savings. Shorter term the better right now but look at the yields.

@ChristyOJZ, Personally I've got mine funds at Wealthfront earning now 4.05%. They have higher FDIC coverage. Nowadays that FDIC piece and diversifying across different banks are really important as we've seen with recent bank failures. Treasuries yields seem really high right now so that's another to contemplate. Depending on the maturity, you could definitely get higher than 4.05%. Some 11 month CDs are also yielding close to 6 nowadays. Hope this doesn't confuse you - good thing is that you have options!