Inheritance of 11k. What is my best option?
I’ve been low income my entire life. I’ve never seen this much money. I’ve lurked subreddits like this before, and I think a HYSA would be my best option, but I wanted to ask here in case there’s a better option. My goal is to throw it somewhere to sit for a few years and eventually use it as a down payment for a house.
My bank has a CD that accrues 4% interest monthly and then a yearly 4% dividend as well. If there’s something else I can put it in to accrue more money, please let me know! I want to make the most responsible decision possible with this gift to set myself up for the future the best I can.
Thank you for any/all advice!!