<prompt> Human: I recently paid off my car payment, and am interested in continuing to make the payment to some account. This way, in the future should any issues arise, or when I decide to buy a new car, I can use that money for those situations. My question, what kind of account would be best to make those payments in to? I am a Navy Fed CU customer, and the normal savings rate is .25. Would it be best just to throw it in there, or perhaps a money market at .40, or index funds, etc. Im not very knowledgeable about this stuff, so just looking for a little guidance. Thanks ahead of time.  <response>: Since you are looking at having a sinking fund I would just park it in either a money market account or a standard savings account. You wont make much in interest, but youre not investing, youre saving. 