Where is ideal to keep emergency funds?

[King Belieal]

It is one thing to stack up emergency funds, and it is another thing to keep it in the right place. Where do you think is ideal to keep emergency funds? What should you consider in choosing a place to keep your emergency funds?

 

[Augusta]

Bank or credit union account — If you have an account with a bank or credit union—generally considered one of the safest places to put your money

 

[eLdavis]

I think you can keep an emergency funds anywhere, as long as you can easily access when there is an emergency, and it is safe.

 

[Augusta]

Another good place to house an emergency fund is in a high-yield cash account, a high-yield savings account, where it is safe and secure with no risk of loss of principal.

 

[Starmix]

There's no other place except bank or a cooperative, and mutual funds. It's crucial if you hide it in your cabinet or bag. It's better be safe than sorry.

 

[Springtime]

I keep my emergency fund in a savings account. It is safe and earn little interest. And it can be withdrawn whenever I need money.

 

[Starmix]

Keeping the emergency fund at home is crucial. It might be spent for something else which is not intended. Saving it in the bank is safe and bears interest too.

 

[Augusta]

Trust funds. is another good place to leave your emergency funds you need to keep it in a place you can easily assessed