lions239 OP t1_jegnasw wrote on March 31, 2023 at 9:42 PM

Reply to comment by frozenwaffle549 in I'm 23yo kicking of my financial journey, any advice? by lions239

Awesome, thanks for all the insight.

I doubt anything will actually be canceled, I don't expect it to be. So I guess when the time comes where no more pauses or cancellations are in sight, then I will just pay it off in one time with what I set aside to avoid the interest.

Last question, I know this is discussed a lot and I've been reading here and online, but in the short term, my first course of action will be to open a HYSA. Any advice there? I've gathered that Ally, Capital One, Discover seem to be the most popular even if there are others with higher rates, but these seem to be the ones people stick to since the rates are "safer" and won't decrease as much as others may. Is this the route I should go?

After reading a bit more, perhaps I should consider Ally's No Penalty CD... and maybe do ~65k of my ~74k?

frozenwaffle549 t1_jegstqc wrote on March 31, 2023 at 10:22 PM

HYSA doesn’t matter who you go with. The purpose of the account is to play defensive and be liquid. If you want lock up your money that’s fine but if you are spending time making a decision between like 4.5% and 4.75%. Then you are wasting your time and thinking too small.