Where to keep emergency fund?

[Anonymous]

Have decided 70K is currently the right amount to keep liquid for an emergency fund (unexpected job loss, illness, etc).

Ideally, I'd have it in an FDIC insured account, so that it is truly a safety net, but that's too much money to let sit without making a return.

Where do you keep your emergency fund?

[Anonymous]

I-bonds (fully liquid after a year, but can only do $10k pp a year anyway) and internet savings. Used to do a CD ladder, before rates were silly low. Could also consider a balanced fund-- usually not that volatile.

[Anonymous]

Cardinal Bank offers a checking account with an interest rate of about 1.25%. I keep emergency money there and treat is as a savings account.

[Anonymous]

We split it. We have a good chunk, think about $50K in a money market. Not earning much interest, but I like knowing that I could walk into my bank and out with it today if I needed to. Next tranche is in a mutual fund, we can access it without penalties as you would tied up in a CD or retirement fund, but it wouldn't be overnight.

[Anonymous]

ING Direct (now Capital One I guess). Decent rates. I never activated the ATM card they sent, so the only way to pull out the money is to have it transferred to my normal checking account, which takes 2 days. Good way to be sure it's not used for impulse purchases.

[Anonymous]

I keep mine in an ultra short term bond fund, Vanguard fund family.

[Anonymous]

We keep ours in an AmEx savings account. Ridiculously low interest rates right now, but I sleep well at night knowing that money is in an FDIC insured account.

[Anonymous]

Anonymous wrote:I-bonds (fully liquid after a year, but can only do $10k pp a year anyway) and internet savings. Used to do a CD ladder, before rates were silly low. Could also consider a balanced fund-- usually not that volatile.

+1

[Anonymous]

Anonymous wrote:ING Direct (now Capital One I guess). Decent rates. I never activated the ATM card they sent, so the only way to pull out the money is to have it transferred to my normal checking account, which takes 2 days. Good way to be sure it's not used for impulse purchases.

This. Has worked well for a number if years bc we tend to "forget " it's there