House down payment cash
Where should house down payment cash sit? $4,020
Using a $100,000 example, 0.38% APY earns $380 per year while 4.40% earns $4,400.
Bottom line
House down payment cash is worth fixing when the cash is not needed for daily bills.
Keep enough in checking for near-term transactions, then move surplus cash into a liquid, insured account or a deliberate cash ladder.
Next calculation
Taxes can change the high-yield savings vs T-bill winner.
If the cash is taxable and your state income tax rate is meaningful, compare after-tax yields before deciding between HYSA and Treasury bills.