[PrincessPerky]

I see no reason to keep all EF in cash..unless you have a rather small EF (like me) suppose you need that money to cover 6 months of job loss...you do not need it on day one...so you have time to go get it (or wait for a CD to mature) or whatever...and having it hard to reach means most folk are more likely to find alternate methods to use less...least most folk who have an EF in the first place I think.