Where to put 10K if not needed now

I'm 72, living in a lower income senior apartment complex (rent $1K monthly) and have 10K sitting in a credit union money market account. This 10K is above what I keep for "rainy day" and "emergency living" funds. Wondering, and asking your advice, on a good place to put these funds with maximum availability to grow. My only caveat is a 5-7 year window in case I do need the funds then. TIA


Senior Member
midwest USA
Yes but even with 5% you will only keep up with cost of living

increases probably. A good recession proof common stock is ok but risky. Maybe worth waiting for it to rise into profit like Phillip morris


Senior Member
MidAtlantic, USA
If you don't need the money, put it in a high yielding CD; imho it's safer than stocks. There are also CDs with a bump-up, so that's also something to consider as the interest rates rise (I think there might still be room for higher rates in the future).


New Member
U.S. Treasuries is about as safe as you can get. Six month treasuries purchased now will get about 4.9% and are state tax free.