<prompt> Human: Hello PF, I would like to ask for an advice on where to park money if I want to buy a house in 4-5 years. Im 23 years old making 125,000 before bonuses Just got a raise 2 months ago, before that I was making 95,000. Ive been working for about 10 months. I have 2500 in VFIFX, and 5000 in VCAIX I dont intend to take out until Im old. Additionally, I have about 32,000 in cash which I put in various accounts Ally checking, Ally money market, bank of america checking, bank of america saving. The houses in my area are expensive. An old 1920s two bedroom starts at 500,000. I am considering moving to area where houses are cheaper possibly taking a job that pay less in 5 years. My question to you is, where should I put the money that will eventually grow to be 100,000 20 downpayment? Should I just keep it in Ally money market since it earns 0.9 interest? What did you do when you were saving for a house? What would you do differently?Thank you so much.Edit: Is there also any way I can defer paying tax on the interests I earn from bank accounts since I will be using the money to buy my first home?  <response>: You and I posted extremely similar questions which may lead to completely different answers at EXACTLY the same time. Im impressed 