Where to put $5,000 now

What would you do with a million bucks? That's easy. But what about five grand? With a handful of broad goals in mind, here are Money Magazine's picks.

By Asa Fitch and George Mannes, Money Magazine

CDs & Money Market

MMA	0.69%
$10K MMA	0.42%
6 month CD	0.94%
1 yr CD	1.49%
5 yr CD	1.93%

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Goal: Enhancing your home

Best moves if you're buying a home:
Set aside the $5,000 where you can't touch it

Maybe you're waiting to save up a big-enough down payment. Or perhaps you're on the sidelines until your local market bottoms out.

Prevent yourself from sabotaging your plans and using the funds for, say, an impromptu vacation.

Lock up your money in a one-year certificate of deposit.

Best yield as of May 1: 5.4 percent at AmTrust Bank

What would you do with $5,000?

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