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Hello everyone. I have almost 10,000.00 in my emergency fund. I'm wondering where the best place to put it is. Right now it's in a "plain old" savings account. I'm going to move it to a money market account. The money fund at the broker pays about 1% more in interest than Bank of America does in their MM savings. But... I would have much quicker access with the bank account than with the broker. What do you think???


Dear MrMEJackson,

You've received a myriad of fine replies. I wanted to add a couple of Foolish links to them, in case you would like to do more reading, or learning. First, I would suggest your read through the articles in our Short Term Investing Center. There is good stuff there, including links to some money market funds that offer good rates. You'll find it by going to:

http://www.fool.com/savings/savings.htm?source=CSBO03105

In addition, we offer 2 informative crash courses. The first, Where to Stash Your Cash offers in depth information about where to invest safely and effectively for the short term. If you are interested, go to:

http://www.foolmart.com/Shopping/Product_View.asp?PRODUCT_ID=MF2700_01&ref=CSBO03105

The other, Disaster Proof Your Finances is a good one for learning what important papers, documents, insurance, etc you need to keep yourself, and your family safe in the event of an emergency. You can get more information about this course by going to:

http://www.foolmart.com/Shopping/Product_View.asp?PRODUCT_ID=MF2702_01&ref=CSBO03105

Fool on!

Karen Kosoy
TMF Karen

PS TMF Money Advisor is on the way. Click here to learn more:
http://www.fool.com/landing/ma/preview.htm




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