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Strategies For Your Emergency Fund And Money That You Want To Keep Safe

Friday, March 9, 2012 - 10:58 AM
I've covered some strategies for your safe money in this January post and in this 2010 post. Today MyMoneyBlog has good review of some strategies which include reward checking, Ally Bank 5-year CDs, I Bonds and internet savings accounts.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Friday, March 9, 2012 - 3:49 PM
I did have six months worth of my annual income in an emergency fund at AmericaNet Bank until their medieval technology irritated me so much that I closed the account two days ago.  I will be depositing the funds in a separate savings account at Ally Bank for the sake of easy transfer of funds into my money market account with them. The idea is to have the funds liquid for an "emergency".
ShorebreakShorebreak2,700 posts since
Apr 6, 2010
Rep Points: 14,635