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Short-term savings, super low rates: Where to stash it?

My wife and I are selling our condo and plan on renting for the next year or two before buying a house. We will be netting $40,000 from the sale... [and] plan on eventually using this money as part of a down payment. Until then, I would like to put the money in a lower risk mutual fund so that we can get more than the 0.85% yield that our online savings account offers. Do you think the potential upside is worth the risk or should we keep it in savings? -- Ben, Chicago.

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