"can you give me a pointer or two about that fund?"You can get higher yield on your emergency funds by investing in almost any bond fund. Many have check writing priviledges. That means if something comes up, you can write a check, deposit it in your checking account and have the funds available as soon as the check clears--usually 3 days. So if you have credit card debt limit to cover those 3 days, you can get higher yield on your emergency funds.But, with interest rates rising, the NAV of bond funds is likely to fall. That makes it risky to do this right now. Better to wait until the Feds have stopped raising interest rates.Nuveen select, NQS, traded NYSE is a closed end bond fund, that is free of federal income taxes. You will want to check your tax rates. If you are in a low tax bracket, it may not be for you. But for those in the 25% bracket or above, its hard to beat the yield for similar risk.Best way to buy NQS is to buy it through a discount broker. But a mutual fund with automatic checking account deductions might be more suitable for your purposes.
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