Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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:

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:

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:

Fool on!

Karen Kosoy
TMF Karen

PS TMF Money Advisor is on the way. Click here to learn more:

Print the post  


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.