Re: Best place for the ol' Emergency Fund
Where are you keeping your emergency fund? I keep one third of my EF in a Credit Union account. I keep a 2/3 in a Six month CD, I keep the last third in a one year CD.
Do you have quick access to your funds? Yes to the credit union, no to the others.
Does your institution/account have a withdrawl fee, transaction fee, etc.?
No withdrawal fee for the credit union, I would get hit with an early withdrawal fee for the CD's.
Do you have to keep a minimum balance there? Yes, $5 for the credit union, and 10K a piece for the CD's (to qualify for the best rate).
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