Question

What app/company would be the best to put an emergency fund into?  

Answer 1

I'm not necessarily endorsing this approach but I think this is a very interesting way to think about emergency funds.  
https://earlyretirementnow.com/2016...fund/

Comments

@ways I teach people to think of their Emergency Fund as a “Money Tree” Fund, which is kind of along the same lines here. Although they mention using lines of credit here which is not part of my Money Tree concept lol

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I've always thought the idea of a completely liquid emergency fund was odd. If I had a true emergency that required immediate payment, I'd just pay for it with whatever was in my pocket, which is likely a credit card. Most emergencies don't require immediate payment. Using a line of credit seems fine to me as long as you don't have existing credit card debt.  

Answer 2

Split it between a brick and mortar bank and a high yield savings account

Answer 3

I put most of my emergency savings in a high interest savings account (online). It takes 2-3 days to get my brick and mortar. I keep about $200 in my brick and mortar. But I also have a CC that I can use in a pinch and pay off before interest hits. Ally for online. Discover for CC.  

Answer 4

I put ours in Betterment in a Safety Net. 80% bonds 20% stocks and have a cushion of 30% for swings.  

Answer 5

The bank up the street

Answer 6

Mine is in Betterment!  

Answer 7

Varo money does 1. 92%. don't invest it. It should be liquid cash with no risk of being lost.  

Answer 8

Worthy Bonds. 5%. Higher risk because it’s corporate bonds but at least the loans are secured and I’m okay with that risk.