Emergency Fund Account Options
Emergency savings should balance safety, accessibility, yield, and simplicity.
Common options
| Account | Strength | Tradeoff |
|---|---|---|
| High-yield savings | Easy access | Rate can change |
| Money market deposit | Potential transaction access | May require higher minimums |
| CD | Fixed term rate | Early withdrawal penalty |
| Treasury bill | Short-term government security | Less direct access before maturity |