{"id":2065,"date":"2025-02-06T02:43:00","date_gmt":"2025-02-06T08:43:00","guid":{"rendered":"https:\/\/www.discover.com\/online-banking\/banking-topics\/?p=2065"},"modified":"2025-03-14T09:48:08","modified_gmt":"2025-03-14T15:48:08","slug":"where-to-keep-emergency-fund","status":"publish","type":"post","link":"https:\/\/www.discover.com\/online-banking\/banking-topics\/where-to-keep-emergency-fund\/","title":{"rendered":"Where should you keep your emergency fund?"},"content":{"rendered":"\n

Stuff happens. Often when you least expect it. A flu that gets the best of you. A clunking noise coming from your car\u2014brakes? A busted water heater. You get the picture. It’s why most financial experts suggest building an emergency fund<\/a>. It’s meant to protect you and your family from unexpected expenses that could lead to financial hardship if you’re not prepared. The best place to keep your emergency fund (think three to six months of living expenses) is separate from your regular checking and savings accounts so it can be earmarked for emergencies only<\/em>.<\/p>\n\n\n\n

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A financial emergency<\/a> can include job loss, medical bills, a car or home repair, a deep pay cut or any other financial setback. (Brand new sneakers, the latest smartphone when your current one is in tiptop shape, a weekend getaway… not so much.) If any of these unfortunate situations occur, your emergency fund can provide a welcome financial cushion and several months’ support while you get your finances back on track.<\/p>\n\n\n\n

A home for your emergency fund<\/h2>\n\n\n\n

With thousands of dollars in play, you’ll want to make sure you keep your emergency fund parked in a safe spot and that you’re getting a return on your cash reserves. But since this cash needs to be readily accessible in case you need it, you have to choose where to keep your emergency fund wisely.<\/p>\n\n\n\n

When deciding where to keep your emergency fund, consider these four different accounts that offer easy access and benefits:<\/p>\n\n\n\n

1. High-yield bank accounts<\/h2>\n\n\n