Discuss the basics between Emergency Funds and Investing
What are Emergency Fund Financial Products
What are Investing Products?
How are they defined?
Comments
I was just thinking about where to put my emergency fund the other day. I asked my credit union about CDs and they said that if you withdraw early, depending on the length of the CD term, you can lose up to 120 days of interest. That's the only penalty. So they never will touch your principal. So I guess depending on your financial institution, they could still be a good place to put an emergency fund if the interest rates are higher than a money market account.