Where do you save your "emergency fund"?

[Anonymous]

Savings? Money market? Investments?

[Anonymous]

Online savings account. We're going to "diversify" once it's built up to a figure with which we're more comfortable.

[Anonymous]

Savings in a Capitol One 360 (used to be ING) account.

[Anonymous]

Anonymous wrote:Savings in a Capitol One 360 (used to be ING) account.

Same...only earning about .75, but we don't keep a lot in there either (50k or so).

[Anonymous]

We have no separate emergency fund. Would just sell investments if there's an emergency.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Savings in a Capitol One 360 (used to be ING) account.

Same...only earning about .75, but we don't keep a lot in there either (50k or so).

Lol at $50k not being a lot. Only on DCUM smh

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Savings in a Capitol One 360 (used to be ING) account.

Same...only earning about .75, but we don't keep a lot in there either (50k or so).

Lol at $50k not being a lot. Only on DCUM smh

I was going to say the same thing - we keep our emergency money with Capital One too, but our emergency fund is $2500. We both have secure jobs and insurance out the wazoo, though.

[Anonymous]

Anonymous wrote:Savings in a Capitol One 360 (used to be ING) account.

same here - I had at one time did a ladder cd strategy but to much effort given returns

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Savings in a Capitol One 360 (used to be ING) account.

Same...only earning about .75, but we don't keep a lot in there either (50k or so).

Lol at $50k not being a lot. Only on DCUM smh

It's not really that much depending on what your strategy is for an emergency fund. Let's say you have determined that you have 10k a month in basic expenses and you want to have 5 months of basic expenses in your emergency fund. There's your 50k.

[Anonymous]

Ally no-penalty CD's

[Anonymous]

I have my HELOC available as emergency funding source.

[Anonymous]

Anonymous wrote:I have my HELOC available as emergency funding source.

So you don't have any emergency savings. Got it.

[Anonymous]

Money in the bank is not an "emergency fund". When shit gets real, fiat money ain't no good. I keep a chest of 125 Spanish Doubloons in the safe in my bedroom - and you better believe I keep my blunderbuss handy in case I need to defend them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have my HELOC available as emergency funding source.

So you don't have any emergency savings. Got it.

I have plenty of net worth and a very healthy income. However, just like I don't have a budget, I don't have the irrational need to keep cash or cash equivalents in a low/no yield account for "emergencies".

A HELOC provides instant access to large amounts of money at a very low cost, allowing me to take the time to wait for incoming funds, or liquidate my other assets if needed.

[Anonymous]

Ours is in Ally. It has a high (ha! .75%) interest rate.